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Jubilee Metals Group Plc

Fuel cell electric vehicles set to make strong entry

There is simply no doubt that fuel cell electric vehicles (FCEVs), which use platinum group metal (PGM) catalysts, will make a very strong global entry in the next decade, global experts said on Monday.

If South Africans make use of their superior sunlight and their prime wind, they can generate a lot of carbon-free electricity at a cost potentially cheaper than when Eskom burns coal and pollutes the air.

That, in itself, is in line with the world’s decarbonisation demands. But if that clean electricity is used to electrolyse water, hydrogen can be generated, helped by locally mined platinum and iridium.

A fuel cell can then turn the hydrogen, which is an inherent electricity storage medium, into electricity, using platinum and ruthenium.

Jubilee Metals Group plc (LON:JLP) is a diversified metals recovery company, they secured surface platinum-bearing tailings to recover PGMs and chromite, lead, zinc and vanadium bearing tailings in Zambia and holds the mining right to a primary PGM project in the Eastern Bushveld complex.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.