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The change in the direction of clean power production will put tension on the demand for rare-earth steels such a vanadium, lithium, iridium, platinum, and palladium, said Matt Watson, founder of Valuable Metals Asset Management.
" The costs on these metals will indeed climb. This will certainly be the century of tidy energy and mineral restrictions like we've never experienced in our background. We're just mosting likely to merely hit some limitations on the periodic table as well as truly be challenged to do more and more removal to fulfill tidy energy demands, it's that basic," Watson informed Kitco News.
0:00 – The future of energy
2:15 – Hydrogen fuel cells
8:08 – The end of fossil fuels?
10:55 – The price of metals
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Platinum group metals demand to soar in face of biggest dilemma in history
The shift towards clean energy production will put stress on the demand for rare-earth metals such a vanadium, lithium, iridium, platinum, and palladium, said Matt Watson, founder of Precious Metals Commodity Management.
"The prices on these metals will indeed climb. This will be the century of clean energy and mineral constraints like we've never experienced in our history. We're just going to simply hit some limits on the periodic table and really be challenged to do more and more extraction to meet clean energy demands, it's that simple," Watson told Kitco News.
0:00 - The future of energy
2:15 - Hydrogen fuel cells
8:08 - The end of fossil fuels?
10:55 - The price of metals
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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