Hydrogen and fuel cells currently represent less than 2pc of annual platinum demand
Hydrogen represents growing share of platinum demand
Securing supply of iridium and platinum will become increasingly important as sector grows
Demand for platinum for electrolysers will increase sevenfold this year, while demand from stationary fuel-cell applications will increase by 34pc, according to preliminary figures from the Platinum Quarterly report prepared for trade group the World Platinum Investment Council (WPIC) by consultancy Metals Focus. The report does not yet break out actual demand figures from the electrolyser and fuel-cell industry as these still form a small share of demand—less than 6pc of overall industrial demand and less than 2pc of total global annual demand. The automotive sector represents by the largest tranche of demand for platinum, followed by the industrial and jewellery sectors. Despite the small
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