Tag: energy transition
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Platinum and Palladium Market Shifts Impact Energy Transition
Platinum is a critical mineral for the energy transition, with hydrogen-related demand for platinum projected to increase substantially in the coming years. By 2030, platinum catalysts in electrolysis and fuel cell markets are expected to contribute significantly to total platinum demand. However, the platinum market has shifted into a supply deficit, a trend anticipated to…
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ChatGPT’s Energy Surge Drives Demand for Copper in AI Revolution
ChatGPT, a leading AI platform, is revolutionizing the energy landscape by making copper the new oil. According to Goldman Sachs, the electricity consumption required for ChatGPT is ten times that of a Google search. This surge in electricity demand is driven by the rapid expansion of data centers powering AI technologies like ChatGPT, with projections…