Platinum Group Metal (PGM) firms are calling on European policymakers to incentivise the deployment of hydrogen fuel cell electric vehicles (FCEVs) to secure precious metal supply chains.
In a new position paper, the International Platinum Group Metals Association (IPA) said that EU deployment targets for zero-emission road vehicles are heavily skewed towards battery-electric vehicles (BEVs), which it says imposes a “high risk” of supply chain bottlenecks.
It said as BEV volumes grow, supply chain challenges are becoming more evident. Currently, the EU almost exclusively relies on critical raw material (CRM) imports from a small number of suppliers.
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