Kitco
22 May 2026, 14:39 UTC · 4h ago
Source · https://www.kitco.com/news/article/2026-05-22/hydrogen-economy-could-quietly-reshape-platinum-demand-over-next-decade
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Platinum demand from the hydrogen economy is projected to grow from 90,000 ounces annually to approximately 400,000 ounces by 2030. — This represents a significant structural increase in demand that could offset the losses from the decline of internal combustion engines.
+0.60Platinum demand is facing a long-term decline in the autocatalyst sector as electric vehicle (EV) market share grows. — The loss of the primary industrial use case for platinum creates a strong fundamental headwind for prices.
-0.50Green hydrogen production increased six-fold and electrolysis capacity grew nine-fold between 2021 and 2025. — Actual growth in infrastructure proves the viability of the hydrogen transition, supporting the long-term bull case for platinum.
+0.40Emerging technologies including optical devices and silicone manufacturing have generated roughly 500,000 ounces of incremental PGM demand over the last 12-24 months. — Diversification of demand sources reduces the metal's sensitivity to the automotive sector.
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