Share

Govt planning to push platinum demand

Cape Town - Government is aiming to drive up demand for platinum by developing hydrogen fuel cell technology, Science and Technology Minister Derek Hanekom said on Thursday.

Opening debate in the National Assembly on his department's R6.2bn budget vote, he told MPs a memorandum of understanding had been signed between the University of the Western Cape, Coventry University and hydrogen fuel cell vehicle producer Microcab Industries in the United Kingdom.

"The [memorandum] will see Microcab using HySA [Hydrogen South Africa] technologies, with the prospect of HySA becoming a major supplier to Microcab," Hanekom said.

HySA is a government flagship project that aims, according to its website, "to establish South Africa as one of the few nations that export high-value products into the growing international hydrogen and fuel cells market".

Hydrogen fuel cells are relatively expensive to produce, and require platinum as a catalyst.

Hanekom said even a modest increase in the use of fuel-cell powered vehicles would push up platinum demand.

"It is worth noting that even a modest increase in the global penetration of fuel-cell powered vehicles will result in a significant increase in the demand for platinum, and will contribute to our target of meeting 25% of global catalyst demand by 2020.

"Our nation holds almost three-quarters of the world's known resources of platinum, so this would be a very, very significant development," he said.

Government was also looking at developing lithium-ion batteries, which would include the use of manganese. This was aimed at the solar and wind energy sector, where there was a need for better energy-storage devices.

"Our main focus at this stage is on lithium-ion battery technologies. Some of the novel battery systems we are developing are based on manganese, and -- given that South Africa has 80% of the world's manganese reserves - this represents another significant beneficiation opportunity."

Hanekom also told the House that government's Titanium Industry Development Initiative was "making impressive progress".

More than R75m would be invested in this over the next two years, through the Council for Scientific and Industrial Research.

"A key activity is the development of a novel, low-cost process for the production of titanium metal powder, which will provide South Africa with a global competitive advantage.

"A pilot plant, with the capacity to produce two kilograms of titanium powder per hour, is currently under construction at the CSIR campus in Pretoria. It will be officially launched next month."

Titanium, a corrosion-resistant metal, is crucial in the production of strong, lightweight alloys.


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.29
-0.7%
Rand - Pound
23.87
-1.1%
Rand - Euro
20.58
-1.2%
Rand - Aus dollar
12.38
-1.1%
Rand - Yen
0.12
-1.2%
Platinum
943.50
+0.0%
Palladium
1,034.50
-0.1%
Gold
2,391.84
+0.0%
Silver
28.68
+0.0%
Brent Crude
87.29
+0.2%
Top 40
67,314
+0.2%
All Share
73,364
+0.1%
Resource 10
63,285
-0.0%
Industrial 25
98,701
+0.3%
Financial 15
15,499
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders