Hydrogen-related demand for platinum is growing
Global platinum supply tightest for a decade
Market for key electrolyser metal swings into deficit as demand surges and supply drops, says World Platinum Investment Council
The global market for platinum, a key ingredient in electrolysers, is heading for its biggest supply crunch for a decade as demand surges while production falls and recycling rates remain sluggish, according to the industry-backed World Platinum Investment Council (WPIC). The WPIC has revised up its forecast of the size of the global supply deficit by 77pc, compared with its forecasts three months ago, on the back of a surge in demand from investors as well as “strong demand growth momentum” in the automotive and industrial sectors. Total demand this year is expected to show stronger year-on-year growth than the previously forecast 28pc, while supply is expected to fall to 1pc below the alre
Also in this section
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
28 January 2026
The development of hydrogen’s distribution system must speed up if the industry is to stand any chance of grabbing a meaningful slice of the low-carbon energy market
14 January 2026
Continent’s governments must seize the green hydrogen opportunity by refining policies and ramping up the development of supply chains and infrastructure
