Africa's Green Hydrogen Revolution: PGMs Driving Growth and Opportunities
Key Ideas
  • The global market for platinum group metals (PGMs) is expected to increase by 4.47% by 2029, driven by demand in green technologies like hydrogen energy.
  • Africa, with significant PGM reserves, is poised to play a key role in green hydrogen production, aligning with global efforts to decarbonize industries.
  • Countries like Namibia and South Africa are attracting billions in green hydrogen investments, with projects aiming to contribute to energy needs and boost export revenue.
  • Partnerships between public and private sectors in Africa, such as the agreement in South Africa involving Anglo American, BMW, and Sasol, are paving the way for the integration of PGMs in green hydrogen value chains.
The platinum group metals market is set to experience growth driven by the demand for green technologies, particularly in the hydrogen energy sector. The Critical Minerals Africa Summit in Cape Town will focus on the interconnection between PGMs and green hydrogen and their increasing significance in the energy transition, particularly in Africa. The continent, rich in PGM reserves, is strategically positioning itself to leverage these metals for fuel cell technology, essential for electricity production from hydrogen and oxygen. As Africa intensifies its green hydrogen activities, there is a projected substantial increase in long-term demand for PGMs, supporting diverse applications from hydrogen fuel cell vehicles to industrial processes. Namibia and South Africa are emerging as leaders in green hydrogen projects, attracting significant investments and partnerships. The potential for Africa to produce vast amounts of green hydrogen aligns with the continent's renewable energy resources and the global push for decarbonization. Collaborations between entities like Wesgro, Northern Cape Economic Development, and private green energy companies are aiming to create green hydrogen corridors and projects, contributing to energy security and economic growth. The focus on green hydrogen is also creating synergies between PGMs and hydrogen technologies, as seen in partnerships between Anglo American, BMW, and Sasol. As the world seeks to reduce carbon emissions and meet growing energy demands, the surge in green hydrogen adoption is set to drive increased demand for PGMs, with Africa well-positioned to capitalize on this growth.
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