WPIC – Hydrogen demand, Oct 2024

The World Platinum Investment Council's latest infographic highlights the increasing demand for platinum in hydrogen technology, particularly in proton exchange membrane (PEM) electrolysers and fuel cells. These applications are key in producing green hydrogen for fuel cell electric vehicles (FCEVs) and other transportation sectors. The use of platinum in these technologies is expected to significantly contribute to global platinum demand by 2030, with projections reaching almost 900 koz. As efforts to achieve net zero emissions intensify, markets for platinum-based PEM technology are expanding, supported by investments, collaborations, and government policies. The growth in hydrogen-related platinum demand highlights the crucial role of platinum in driving the transition to a cleaner energy future.