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An impending platinum crisis and its implications for the future of the automobile

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  • Yang, Chi-Jen

Abstract

The global demand for platinum has consistently outgrown supply in the past decade. This trend likely will continue and the imbalance may possibly escalate into a crisis. Platinum plays pivotal roles in both conventional automobile emissions control and the envisioned hydrogen economy. A platinum crisis would have profound implications on energy and environment. On the one hand, inadequate platinum supply will prevent widespread commercialization of hydrogen fuel-cell vehicles. On the other hand, expensive platinum may enhance the competitiveness of hybrid, plug-in hybrid, and battery-powered electric cars. Policymakers should weigh the potential impacts of a platinum crisis in energy policy.

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  • Yang, Chi-Jen, 2009. "An impending platinum crisis and its implications for the future of the automobile," Energy Policy, Elsevier, vol. 37(5), pages 1805-1808, May.
    • Handle: RePEc:eee:enepol:v:37:y:2009:i:5:p:1805-1808
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    2. Sverdrup, Harald U. & Ragnarsdottir, Kristin Vala, 2016. "A system dynamics model for platinum group metal supply, market price, depletion of extractable amounts, ore grade, recycling and stocks-in-use," Resources, Conservation & Recycling, Elsevier, vol. 114(C), pages 130-152.
    3. Seck, Gondia Sokhna & Hache, Emmanuel & D'Herbemont, Vincent & Guyot, Mathis & Malbec, Louis-Marie, 2023. "Hydrogen development in Europe: Estimating material consumption in net zero emissions scenarios," International Economics, Elsevier, vol. 176(C).
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    8. Jones, Ben & Elliott, Robert J.R. & Nguyen-Tien, Viet, 2020. "The EV revolution: The road ahead for critical raw materials demand," Applied Energy, Elsevier, vol. 280(C).
    9. Fizaine, Florian & Court, Victor, 2015. "Renewable electricity producing technologies and metal depletion: A sensitivity analysis using the EROI," Ecological Economics, Elsevier, vol. 110(C), pages 106-118.
    10. Benjamin C. McLellan & Eiji Yamasue & Tetsuo Tezuka & Glen Corder & Artem Golev & Damien Giurco, 2016. "Critical Minerals and Energy–Impacts and Limitations of Moving to Unconventional Resources," Resources, MDPI, vol. 5(2), pages 1-40, May.
    11. Anthony E. Hughes & Nawshad Haque & Stephen A. Northey & Sarbjit Giddey, 2021. "Platinum Group Metals: A Review of Resources, Production and Usage with a Focus on Catalysts," Resources, MDPI, vol. 10(9), pages 1-40, September.
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    13. Raj, Arun S. & Ghosh, Prakash C., 2012. "Standalone PV-diesel system vs. PV-H2 system: An economic analysis," Energy, Elsevier, vol. 42(1), pages 270-280.
    14. Slate, Anthony J. & Whitehead, Kathryn A. & Brownson, Dale A.C. & Banks, Craig E., 2019. "Microbial fuel cells: An overview of current technology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 101(C), pages 60-81.
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    16. Victor Court & Florian Fizaine, 2014. "Energy transition towards renewables and metal depletion: an approach through the EROI concept," Post-Print hal-01411803, HAL.

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