Global automotive supplier Bosch expects platinum to play only a minor role in i...
LONDON - Global automotive supplier Bosch expects platinum to play only a minor role in its new fuel cells, giving precious metal markets scant benefit even as the technology gains momentum for pollution-free transport.
Hopes of reviving demand and prices of platinum increasingly hinges on widespread uptake of fuel cells in vehicles, ships and trains to make up for dwindling amounts used in each device, analysts say. Privately-owned Bosch, which last month signed a deal with Powercell Sweden AB to mass produce fuel cells, said its fuel cell design was not finalised, but it expects them to use only as much platinum as a diesel catalytic converter.
“If you look at a diesel catalytic system, there is about the same amount of platinum content you need for a fuel cell,” he added. The best selling fuel cell vehicle, Toyota’s Mirai, is expected to cut platinum by two-thirds to around 10 grams per vehicle in its next version, down from 30 grams in the current model, according David Hart, director of E4tech consultancy, based in Lausanne.Toyota Motor Corp declined to comment.
Hyundai’s NEXO has a range of 380 miles compared to 226 miles for the best-selling battery electric vehicle, Nissan’s Leaf.
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