South Africa: Hydrogen Fuel-Cell Cars Could Spell Boom or Bust for SA Platinum Industry

analysis

Effervescent multi-entrepreneur Elon Musk famously described hydrogen-powered fuel-cell cars as 'mind-bogglingly stupid'. The 200,000-plus people employed in SA's platinum mines better hope he is wrong, because if he is right, the platinum industry is destined to go the same way as SA's gold industry.

The perilous future of the platinum industry depends largely on the development of the hydrogen fuel-cell car, and the omens look pretty bad -but not as bad as popularly believed. This battle is not done yet; not by a long shot.

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