Hydrogen-related platinum demand ‘to grow substantially’ in medium term

Latest World Platinum Investment Council (WPIC) data identifies a strong link between platinum and the hydrogen economy.

Trevor Raymond, CEO of the WPIC, said, “While hydrogen-related platinum demand is relatively small, it is expected to grow substantially in the medium term; as hydrogen demand becomes meaningful platinum could become a proxy for investors looking for exposure to hydrogen.

“An emergent new end source of demand for a commodity is a relatively rare occurrence and somewhat unique to platinum at this point in time, which only strengthens the investment case for platinum, particularly in a deficit market.”

A platinum deficit of 556 koz is forecast in 2023, as strong demand growth outstrips constrained supply.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...