Platinum, palladium and battery raw materials

Platinum is only used in small quantities in purely electric vehicles. However, platinum and palladium are used in hybrid vehicles, as these require a catalytic converter. And large quantities of platinum are needed for engines that are based on fuel cells and run on hydrogen. Fuel cell trucks could have a great future, particularly in heavy goods transport. Two emission-free fuel cell trucks are currently being tested in a pilot project between Nuremberg, Landsberg and Leipzig. New fuel cell systems are being developed. Longevity, durability, efficiency and the cost side are being improved, for example by Toyota. Various branches of industry, such as the steel sector or heat supply, are also relying on hydrogen. Green hydrogen still costs more than gas, but thanks to further technological development, green hydrogen will become cheaper. At the same time, the price of fossil fuels is increasing due to rising CO2 prices.

Sibanye-Stillwater – https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ – is one of the largest producers of platinum and palladium – the company also produces rhodium and gold. Its operations are located in South Africa and the USA, and the company is also increasingly focusing on battery metals. Other important metals for mobility and renewable energies include copper, zinc and silver.

Foran Mining – https://www.commodity-tv.com/ondemand/companies/profil/foran-mining-corp/ – has these raw materials, plus gold, in its projects located in Saskatchewan, Canada. Companies that focus on battery metals should be on the right track. After all, batteries are needed in all areas of life. And they should be produced as sustainably as possible. Electrification is a growing sector that is constantly evolving.

Current company information and press releases from Foran Mining (- https://www.resource-capital.ch/en/companies/foran-mining-corp/ -) and Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -).

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