With South Africa holding 63,000 of the world’s estimated 69,000 metric tons of platinum reserves – according to the Statista.com website – and Russia and Zimbabwe a further 5,100 between them, the European Commission has cited the metal as an example of a potential supply chain bottleneck that could handicap its grand plans for renewables-powered hydrogen production.
German energy company Steag is helping Thyssenkrupp decarbonize its steel production site in Duisburg-Walsum. Green hydrogen generation is expected to be powered by a mix of wind and solar power.
While President Trump has a range of options, all likely scenarios seem likely to result in a modest increase in the cost of solar installations.
The French steel maker announced the production of its Magnelis coated steel will be increased in Avilés, northern Spain.