I think you're referring to NG. Fuel cell doesn't burn hydrogen. Hydrogen combines with oxygen to produce H2O and in the process generates electricity. Based on this chart, investment rose sharply in 2019 and 2020, so surplus becomes deficit. For 2020, production also fell, increasing the deficit. https://platinuminvestment.com/files/786933/WPIC_Platinum_Quarterly_Q3_2020.pdf
Renewables can replace nuclear, now the main problem is storage. Wind and solar don't work 24 hours or during winter. Electricity can only be stored in batteries that are insanely expensive. Storage problem can be resolved using fuel cell. Solar energy can be used to generate electricity that creates hydrogen from water. The hydrogen can be stored in tanks, pumped through pipes or even sent across the world on ships. The end result is zero emission. The technology and means is already available, only the will is needed. It's possible to manufacture massive amount of solar panels, silver is abundant. The infrastructure for hydrogen can be easily built up - only matter of financing, not a technical issue. As for fuel cell, there is already technology to minimise platinum usage to only a couple of grams per car.
Found this report dated jan 2020 - https://www.preciousmetalscommodity...3/precious_metals_2019_-_a_year_in_review.pdf
It's going up and down, but the real demand from fuel cell has not even started. Hydrogen does not become frozen nor does it require a grid or sunlight to work.
I'm surprised car companies are not starting to utilise platinum more since Rhodium has literately gone to the moon and beyond.
Pt or even Pd isn’t a replacement for Rh which is used to remove NO. Because so little Rh is used, even at $28k per oz, the total cost of Rh per car is only a couple hundreds of dollars.
No worries, I missed out on Rh, did preliminary research when it was $2k. Tried to buy but couldn't find a way then. Unlike in Australia, we don't really have much options other than au and ag. Even for pt, I'm not too sure I can sell it in the future for a good price without being chopped by the dealer.
Hey quick question do you know why the premiums on silver is sky high? Like $200+ premium for a kilo bar is insane. Here in Aus the cheapest I've found is $88 and I still think that's expensive.
do you mean BS? they are selling to the Americans. More and more dealers are posting apmex style ripoff prices. I paid $29 per oz (actual price) my last buy early Feb. Ripping off ppl is not good for the market in the long run, that's why I have been complaining. this is the problem when you give out a lumpsum stimulus cash, for people that don't know how to save and can't wait to spend any money they see, it gets squandered away. they should follow our way, give you $100-$200 every 2 months.
its a $100 difference here https://sgd.indigopreciousmetals.co...bi-swiss-1-kilo-cast-999-silver-bar-lbma.html https://www.goldsilvercentral.com.sg/shop/buy-silver/heraeus-silver-bar-1kg/ https://www.bullionstar.com/buy/product/silver-heraeus-1kg-various-motifs
think more on international markets disparity, UK products in UK got VAT, so people there can open online account and have their metal stored in BS, their action will pushed the price up to the par out the benefit of them buying outside for lower prices as compared to their home country diversify outside home town, products choices etc Apmex can be expensive
It's showing up $1280 aud when spot is about $1080 aud. Aussies are so spoilt when it comes to PMs. Picked up some kilo bars at spot and 10oz bars $15 over spot
So is this a temp. dip or a major down trend on PT? I saw a 1/4 and 1/2 oz eagle at a shop and turned it down due to premium but it is the first physical that I have seen in a while.
