Opinion: December 29, 2021. Will the Rise of the Hydrogen Economy Help the Platinum Prices?
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The short answer to the question is yes. The main reason is that the the chemical process necessary for the generation of hydrogen needs platinum as a catalyzer.
There are strong indicators that in the following years, several countries will develop a hydrogen economy. The process of "burning" hydrogen does not generate carbon dioxide and this is very attractive for the countries who want to place an emphasis in developing a "green" economy.
The demand of platinum will increase and if the supply does not increase in parallel, scarcity will be created.
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