CPM Group’s Jeffrey M. Christian was interviewed about the future of automotive propulsion technology and PGMs: The use of PGMS in catalysts, the rise of EVs, fuel cells’ technical and economic viability, liquid organic hydrogen carriers, and future demand for platinum by Martin Creamer of Mining Weekly’s Online.
CPM’s current projections, which are similar to those of the automotive and electricity supply industries, are that by 2050, a third of vehicles being manufactured might be vehicles that no longer require PGMs, which leaves a demand gap that new uses for PGMs may potentially be able to fill.
“There are many, many, many patents for platinum and palladium uses and we need to see some of those commercialised so that platinum, palladium and rhodium are not dependent on the auto industry for 40% or 60% or 80% of their demand, but rather that they have a lot of other uses that have smaller market shares,” says Christian, who dismisses the long-standing projection that hydrogen fuel cells are destined to move into the demand breach left by vehicles that no longer require catalytic converters.
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