Platinum group metals have a key role to play as the world undergoes energy transition, noted Margery Ryan, industrial market research & strategy manager, Platinum Group Metals, Johnson Matthey. This week Ryan recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management. Ryan said the world faces a "polycrisis," a term referring to interconnected global challenges like environmental issues, resource scarcity, and energy insecurity. She said the issues are interconnected, and policy fixes must be coordinated. While renewable energy sources like batteries and electrification are promising, they are not the sole solution for energy transition. The mining of critical minerals required for these technologies presents challenges in terms of supply, cost, and environmental impact. Ryan emphasizes the importance of critical metals efficiency and finding a balance between energy efficiency and resource conservation. She also discusses the potential of platinum group metals (PGMs) in addressing these challenges. PGMs are used in various applications, including hydrogen production, fuel cells, and sustainable aviation fuels. The recycling and reuse of PGMs present a significant opportunity for innovation and resource optimization.
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