Platinum and the hydrogen economy - 22 March 2023
Why hydrogen is driving platinum demand growth
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The need to decarbonise is more acute than ever and platinum-based proton exchange membrane (PEM) technologies will have a significant role to play in the energy transition. Platinum’s strategic and economic importance is underlined with the United Sates, European Union and China recognising its critical mineral status, while the US Inflation Reduction Act, passed in August, further supports platinum demand from PEM technologies by accelerating growth in green hydrogen production and fuel cell electric vehicle adoption. The urgent need for energy independence is also spurring on investment in hydrogen that is beneficial for platinum.