Platinum wins at Paris 2024 as Toyota unveils hydrogen-based transportation plans during Summer Olympics

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Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices

- The rapid growth of the hydrogen economy continues to provide solid support for platinum and 2024 could prove to be a big year for the alternative fuel and the precious metal.

"Toyota believes that hydrogen is a key pillar for the creation of a low-carbon and a more sustainable society," the company said in a press release published last month."During the Paris 2024 Olympics, Toyota will showcase its vision of building a sustainable hydrogen ecosystem through a demonstration of hydrogen solutions that further push the boundaries of hydrogen-powered mobility.

Toyota will also have a fleet of about 176 plug-in hybrid electric vehicles, which require PGMs in catalytic converters to reduce harmful greenhouse gasses.

Source: Loan Digest (loandigest.net)

 

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