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Swiss Resource Capital AG Poststrasse 1 9100 Herisau, Switzerland http://www.resource-capital.ch
Contact Mr Jörg Schulte +49 2983 974041

Hydrogen on the rise, so don't underestimate platinum

In Africa, 40 percent of the population has no access to electricity. The hydrogen economy is emerging there.

(PresseBox) (Herisau, )
The cost of energy from wind and solar has fallen, allowing Africa to invest more in renewable energy. There is particular potential for the production of hydrogen. Africa's proximity to Europe could play an important role in global trade, especially for Germany. Platinum is an essential component of fuel cells for converting hydrogen and oxygen into electricity and water. Fuel cells are already providing electricity in very poor African regions. Up to now, platinum has mainly been used in catalytic converters in the automotive industry.

This is because the metal ensures that gases such as carbon monoxide and other toxic hydrocarbons are converted into harmless products during the combustion of fuels. It is also used in the jewelry industry, in medicine, in chemical products and in various everyday objects. Even if hydrogen technology and its implementation have often progressed rather slowly, progress is now being made. Large-scale hydrogen production projects are now being implemented. American Airlines, for example, ordered 100 hydrogen-electric engines this year. Fuel cells generate electricity that drives the electric motors. Only water vapor is then produced during the flight. It was only in September that BMW announced that it would start series production of hydrogen vehicles in 2028.

Sibanye-Stillwater - https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ - is responsible for the supply of platinum metals, as well as gold, with projects located in South Africa and the USA. The focus has now also been expanded to include other battery metals.

The important battery metals cobalt and nickel can be found in the Crawford project of the Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ - in Ontario in the Timmins Nickel District.

Current company information and press releases from Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -) and Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -)

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.