Platinum stocks are high around the world
Platinum supply will not inhibit hydrogen sector
High stocks and efficient automotive recycling sector mean FCEVs have high ceiling for growth
Platinum availability is unlikely to be a barrier to the deployment of a hydrogen economy, according to a recent white paper from UK technology company Johnson Matthey. Platinum is used in the manufacture of both proton-exchange-membrane (PEM) electrolysers and fuel-cells. Concerns over global supply chains in 2022 led the Biden administration to take action to secure domestic supply to support its growing hydrogen economy. The latest supply and demand data from the World Platinum Investment Council (WPIC) forecasts a record platinum market deficit of almost 1m oz in 2023. The deficit is a result of strong 28% year-on-year growth in demand in combination with a constrained outlook for supply
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25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
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
