Newsletter summary

Title: Toyota and Umicor discuss the impact of New Energy vehicles on supply and demand of Platinum Group Metals News: platinum Group Metals Industry Day in JohannesburgCandycrushsagaan1Anton Smelberg, senior manager of Toyota's new energy industry development department in South Africa, and Bernhard Fox, senior vice president of precious metals management at Umicor, discussed the impact of the new energy vehicle market on the supply and demand of platinum group metals. Fox pointed out that the growth rate of electric vehicles is not as fast as expected, most vehicles are still gasoline vehicles, and fuel cell vehicle technology requires more platinum group metals than passenger cars. Smelberg agrees and suggests that fuel cell technology will be more effective for commercial vehicles with higher loads. meanwhile,Candycrushsagaan1He predicts that the prices of fuel cell trucks and internal combustion engine trucks may be the same by 2027. In addition, Smelberg stressed that Europe will become a net importer of energy, creating opportunities for fuel cell vehicles, while the expansion of the market will reduce the cost of technology.

Text of news flash

[new energy vehicle market affects supply and demand of platinum group metals]

At the Platinum Group Metals Industry Day in Johannesburg, several speakers analyzed the impact of the new energy vehicle market on the supply and demand of platinum group metals.

Bernhard Fox, senior vice president of precious metals management at Umicor, said electric vehicles were not growing as fast as expected, and most of them were still gasoline vehicles. He stressed that the moderate development of pure electric vehicles is a more realistic choice.

Fox believes that each region will find its own solution and technology combination between battery vehicles, fuel cell vehicles and other new energy vehicles. He pointed out that fuel cell vehicle technology is an advanced transition technology for heavy trucks, which requires more platinum group metals than passenger cars.

Anton Smelberg, senior manager of Toyota's New Energy Development Department in South Africa, said that although Toyota currently favors fuel cell vehicle technology, it still recommends a variety of ways to decarbonize. He explained that the choice of vehicle technology depends on its applicability, including loading and transport distances, as well as the availability of renewable energy.

Smelberg agrees with Fox that higher-load commercial vehicles use fuel cell technology to work more effectively. He also said that depending on energy supply, the prices of fuel cell trucks and internal combustion engine trucks are likely to be the same in 2027.

Judging from the stronger growth in demand for platinum group metals, Europe will soon become a net importer of energy, which is a rare opportunity for fuel cell vehicles, Mr Smelberg said. He also stressed that the technical feasibility of fuel cell vehicles and pure electric vehicles is a "quantity game"-the larger the market, the lower the technology cost.

Genna Handel, head of South Africa production planning for Volkswagen Group, said the company has produced a variety of pure electric vehicles around the world and will continue to do so. However, she pointed out that South Africa's demand for new energy vehicles was short-term inadequate because it could not afford it. She believes that even in the mid-1930s, South Africa was still dominated by internal combustion engine cars.

Andris Russell, head of energy, utilities and resources at PricewaterhouseCoopers in Africa, believes that a combination of all technologies, including cars with internal combustion engines, is needed for the foreseeable future. Demand for platinum group metals remains strong, but prices will level off in the future, given the impact of recycling and the popularity of pure electric vehicles in large markets, he said.

Hexun self-selected Stock Writer risk Tip: the above content is only the views of the author or guest, does not represent any position of Hexun, and does not constitute any investment advice related to Hexun. Before making any investment decision, investors should consider the risk factors related to investment products according to their own circumstances and consult professional investment advisers if necessary. Hexun tries its best but cannot confirm the authenticity, accuracy and originality of the above content, and Hexun does not make any guarantee or commitment.