Sibanye-Stillwater and Valterra Platinum Partner with Johnson Matthey on Clean Energy Technologies
South Africa's Sibanye-Stillwater and Valterra Platinum have partnered with Johnson Matthey to develop technologies using platinum group metals (PGMs) for clean energy applications. The partnership aims to diversify the use of PGMs beyond traditional automotive applications, focusing on hydrogen technology and emissions reduction. The global market for platinum is expected to experience deficits, while palladium may see a surplus. Valterra anticipates a significant increase in its earnings for the year ending December 31, 2025.
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Sibanye-Stillwater and Valterra Platinum have formed a partnership with Johnson Matthey to develop technologies utilizing platinum group metals (PGMs) for clean energy. This collaboration is aimed at expanding applications for PGMs amid a shift from traditional automotive uses to emerging technologies such as clean hydrogen.
Currently, 60% of global PGMs are used in catalytic converters for internal combustion engines. The clean hydrogen industry is forecasted to significantly increase the demand for platinum, potentially reaching one-third of 2021 production levels.
The platinum market is expected to remain in deficit, averaging 348,000 ounces annually from 2027 to 2030, while palladium may have a slight surplus. Valterra expects a growth in earnings of 85% to 105% for the fiscal year ending December 31, 2025.
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