Research Channel |

1

Home

Send to Friend

Back

Address to refer:	https://www.researchchannel.co.za/article/platinum-202122-a-market-set-for-a-deficit-rather-than-a-surplus-2022-01-19
Article Headline:	Platinum 2021/22: A market set for deficit rather than surplus
Abstract:	The World Platinum Investment Council (WPIC) states that green hydrogen has the potential to play a significant role in decarbonising the global economy and that platinum has a significant role to play in that economy. According to the WPIC, capacity targets for the generation of green hydrogen in the European Union and China will cumulatively require between 300 000 oz and 600 000 oz of additional platinum by 2030. The hydrogen fuel cell and green technology sectors are expected to significantly drive platinum demand, and with South Africa holding about 91% of the world’s platinum group metals (PGMs) reserves, the country stands to benefit from the rapidly growing global hydrogen economy. South Africa, with its world-leading solar and wind resources, and vast PGMs resources used in the electrolysers needed to produce green hydrogen, has the competitive advantage to produce and export green hydrogen. It must, however, move swiftly to exploit this advantage, which could be worth $2.50-trillion by 2050. Creamer Media’s ‘Platinum 2021/22: A market set for a deficit rather than a surplus’ report provides an overview of the platinum market in this context. The global focus of the report is on supply and demand, as well as the creation of a green economy revolving around green hydrogen, while the focus in South Africa shifts to platinum production, the country's role in green hydrogen production, the regulatory environment, electricity and labour relations challenges, as well as the main participants in the sector.
Your Name:
Your e-mail:
Your colleague's e-mail:	- separate emails by commas, maximum limit of 4 addresses
A personal note:
	Please enter the letters you see in the image below

Latest content...

Construction 2024/25: Adapting to new realities

Water 2024/5: Averting a crisis

Electricity 2024/25: Tariffs, renewables and transmission challenges

Telecommunications 2024: SA's telecoms landscape expanding and evolving image

Coal report cover

Image of solar panels and bess

Atlantis solar PV/BESS plant, South Africa Published: 13 Dec 24

Image of carbon capture technology

IFESTOS carbon capture projects, Greece Published: 13 Dec 24

Image of bifacial solar panels

Sunfish Solar 2, US Published: 13 Dec 24

Lure of Anglo's copper mines could test BHP's spending resolve Published: 20 Dec 24

Anglo American's South African office

BHP, the world's biggest miner, would need to offer a minimum 40% premium over Anglo American's share price to make a renewed takeover bid now the... Perenti secures A$185m of new work and a contract extension Published: 20 Dec 24

Barminco equipment being used underground

Mining services provider Perenti has announced the execution of new contracts and an extension to an existing contract for the company’s subsidiary... Rapid Lithium signs term sheet to acquire British Columbia gallium, germanium project Published: 20 Dec 24 Australia-listed Rapid Lithium has entered into a binding term sheet to acquire certain mineral claims that comprise the Prophet River...

Engineering News 13 December 2024

Engineering News 06 December 2024

Engineering News 29 November 2024

Engineering News 22 November 2024

Engineering News 15 November 2024

Engineering News 08 November 2024

Register for daily alerts on news as it breaks in various key economic sectors

- Click here to register

Close