I agree with you Sharetrader78 - the lab results will be very interesting. With the hydrogen economy now starting to get some traction, the demand for platinum, palladium, and rhodium should start to ramp up. Of course, that's not to say that the prices of these metals won't bump around a lot until demand becomes substantial.
I note that Twiggy Forrest has committed 10% of FMGs profit to green energy projects. From the AFR:
"The company has since committed 10 per cent of future profits towards FFI projects, a pledge that could pump more than $1 billion a year into the clean energy venture expected to eventually involve multi-billion dollar investments."
FMG is highly committed to a hydrogen economy and Forrest has said that eventually the hydrogen component of FMG could dwarf the iron ore component! As platinum, palladium and rhodium are all key catalysts in the conversion of water to hydrogen and in the conversion of hydrogen to water and electricity (in fuel cells) the future for these metals looks bright.
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I agree with you Sharetrader78 - the lab results will be very...
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Open | High | Low | Value | Volume |
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1 | 39963 | 4.0¢ |
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No. | Vol. | Price($) |
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1 | 89743 | 0.039 |
3 | 175555 | 0.038 |
3 | 97638 | 0.037 |
1 | 30000 | 0.036 |
Price($) | Vol. | No. |
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0.042 | 70000 | 1 |
0.043 | 131578 | 1 |
0.044 | 193602 | 1 |
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