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The Africa Report revealed that a new report from the Mapungubwe Institute for Strategic Reflection (MISTRA) indicates that South Africa should aim to research and develop hydrogen fuel cells in order to “leverage platinum deposits for industrial development.”

The Africa Report revealed that a new report from the Mapungubwe Institute for Strategic Reflection (MISTRA) indicates that South Africa should aim to research and develop hydrogen fuel cells in order to “leverage platinum deposits for industrial development.”

As quoted in the market news:

MISTRA’s Gail Smith said the 18-month research project interrogated the significance of the estimated 85% of the world’s platinum group metals (PGM) reserves, for South Africa and southern Africa.

‘A fundamental question that was probed is how the use of these mineral endowments can position South Africa and the region to establish a significant downstream PGM-based industrial sector’ Smith said.

The report says the country should invest in research and development of hydrogen fuel cells, which are not yet manufactured nor used on a large scale.

Click here to read the full report from The Africa Report.

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