Institutional investors expect the price of palladium to rise in...

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bluesamurai

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08/07/21

15:44

Post #: 54375424
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Originally posted by bluesamurai: ↑

And platinum will assume a particularly important role in the production of hydrogen as a clean energy source. It is the catalyst material used in the proton exchange membrane (PEM) electrolysis process to produce green hydrogen if the electricity input is harnessed from green renewable energy sources.“The acidic nature of the PEM electrolyte has thus far limited the choice of suitable catalysts to PGMs. Platinum is presently the benchmark catalyst for hydrogen evolution on PEM cathodes with the best activity efficiencies and excellent stability. Iridium and ruthenium are the most active materials on the anode but it appears ruthenium suffers from deactivation,” explains Mathonsi.However, hydrogen can also decarbonise numerous other processes that currently rely on fossil fuels. Important applications include the potential use of hydrogen gas instead of coke in steel production. As the cost of producing hydrogen continues to decline in line with the declining cost of renewable energy production and large-scale adoption of electrolysis technologies, other new applications are likely to emerge.As such, the potential for hydrogen to decarbonise not only the transport sector but a broader proportion of the energy sector, is extremely promising and may be a game changer for sustained demand for PGMs, suggests Mathonsi.“Growing support from a broader spectrum of industries and governments for using hydrogen as a mainstream sustainable energy source, and the use of fuel cells beyond the transport sector could massively bolster the PGM demand over the long term,” she says. QUOTE
PGE’s at Broken Hill could provide IPT with a truly massive win if a resource can be proven IMO

https://www.miningreview.com/energy/hydrogens-rise-materially-increases-pgm-relevance/

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Institutional investors expect the price of palladium to rise in the coming months, according to new research.Having surged from US$500 to around $2,700 over the past five years, a poll of 150 European pension funds found that 55% expect the price of palladium to reach between US$2,801 and US$3,000 per oz in the third quarter of 2021, with another 18% expecting the price to rise to a range of US$3,000-3,200.The price has been driven higher by a production deficit and tighter emissions standards in Europe and China, where demand for the metal comes mainly from use in catalytic converters in petrol powered vehicles and hybrid electric vehicles.Of the surveyed pension funds, which together managed a combined US$213bn of client assets, 23% expect the price to remain in a range of between $2601 - $2,800 per oz.The study, which was commissioned by Global Palladium Fund (GPF), shows that 43% of the pension funds expect to increase their allocation to the precious metal over the next 12 months, compared to 15% who expect to underweight the metal. QUOTE from article in UK
IPT will soon know the extent of the PGE resource at Broken Hill , looking forward to the results IMO.

IPT Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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