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
Also in this section
18 June 2025
The country’s green hydrogen sector can gain traction even as the global trade war rages and other headwinds hamper the sector, Mohsen al-Hadhrami, undersecretary of energy and minerals, tells Hydrogen Economist
18 June 2025
UK risks losing out on in race to secure hydrogen imports as its refusal to back ammonia cracking sinks $2.7b Immingham project
11 June 2025
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations
30 May 2025
Pressure is growing on developers to prove the bankability of their projects in a challenging market for green hydrogen
