World Platinum Investment Council: It is predicted that by 2030, platinum demand related to the hydrogen economy is expected to increase to around 400,000 ounces.

The World Platinum Investment Council (WPIC) believes that the hydrogen economy is quietly becoming one of the most important structural drivers of platinum demand growth in the next decade. WPIC data shows that from 2021 to 2025, global green hydrogen production will increase by six times, from an annual output of about 50,000 tons to about 300,000 tons. During the same period, global electrolyzer installation capacity will increase by nine times, from 0.6 gigawatts to 4.9 gigawatts. This growth trend is increasingly important for the platinum market, as platinum plays a key role in proton exchange membrane electrolyzers and fuel cell technology. WPIC predicts that by 2030, platinum demand related to the hydrogen economy is expected to increase to about 400,000 ounces.