Platinum Group Metals 2023: Crucial Element in the Energy Transition

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Anglo American sustainability head Stephen Bullock has emphasised that which a growing number of commentators have said of the modern South Africa economy, namely that it should invest in new demand segments for platinum group metals (PGMs), including the green hydrogen economy. African Critical Minerals CEO Dr Clarence Tshitereke has echoed this sentiment, highlighting the pivotal role of these metals in the broader energy transition. He advocates for the development of a strategy that will ensure South Africa boosts international cooperation in exploring for and mining PGMs.

The push for decarbonisation is expected to significantly drive the demand for PGMs over the next three decades. Specifically, platinum, palladium, iridium, and ruthenium are anticipated to experience heightened demand owing to the increased adoption of green hydrogen and fuel cell electric vehicles. South Africa possesses the largest reserves of most of these metals. It will, therefore, be important for the country to deal with the challenges that hamper its growth.

Creamer Media's 'Platinum Group Metals 2023: Crucial Element in the Energy Transition' report delves into significant sector developments. It offers an overview of the PGMs market, focusing on the prospects for growth in the global green hydrogen sector. The report specifically scrutinises South Africa, shedding light on the local mining sector's electricity woes, and recent mergers and acquisitions. Additionally, it details the performance of major and minor PGM players in the country.

This research draws from material published over the past 12 months and is a summary of sources of information published in Engineering News and Mining Weekly, as well as of other information available in the public domain.

This report does not purport to provide an analysis of market trends.

Published on: 14 December 2023.