Blockchain Registration Transaction Record

Platinum Group Metals Advances Waterberg Project Amid Global Platinum Scarcity

Platinum Group Metals advances Waterberg Project to address global platinum scarcity. The South African mine could supply automotive, industrial & hydrogen sectors amid structural deficits.

The development of the Waterberg Project addresses a critical global supply challenge as platinum faces structural shortages with far-reaching implications. Platinum is essential for automotive catalytic converters that reduce emissions, industrial applications including glass manufacturing and medical devices, and emerging clean energy technologies like hydrogen fuel cells. As the world transitions toward cleaner energy and stricter emissions standards, platinum demand is increasing while supply remains constrained, potentially leading to price volatility and supply chain disruptions. This project's success could help stabilize global platinum markets, support automotive manufacturers in meeting emissions regulations, and accelerate hydrogen economy development by ensuring adequate supply of this critical catalyst material.