Anglo American explores hydrogen opportunities in South Africa

Creative, 3d, futuristic concept of water molecules abstract concept

Anglo American recently completed a feasibility study “to explore the potential for a hydrogen valley anchored in the platinum group metals-rich Bushveld geological area, along the industrial and commercial corridor to Johannesburg and to the south coast at Durban,” in collaboration with a number of other parties.

In a statement, Natascha Viljoen, CEO of Anglo American’s PGMs division, said, “This feasibility study with our partners has confirmed the possibility to develop new engines of economic activity through hydrogen.” For some years, we have been trying to build the proper environment for the successful development, scaling-up, and deployment of hydrogen-fueled systems as a major producer of platinum group metals (PGMs).”

General Motors has revealed intentions to more than double its sales and increase its profit margins to 12-14 percent by 2030, according to Reuters.

The carmaker claims that its “transition into a growth company” is being spurred on by electric vehicles, linked services, and new ventures, among other things.

As reported by the carmaker, “GM highlighted its plan to double annual sales from a five-year average of around $140 billion by the end of the decade, with software and new companies increasing at almost 50 percent CAGR through 2030, and the company’s strong core vehicle business driving growth.”

GM predicts that income from electric vehicles would increase from $10 billion in 2023 to $90 billion by 2030.

After more than a year of continuous increases, steel prices look to be slowing down a little bit.

The price of hot-dipped galvanized steel in the United States ended last Thursday at $2,225 per short ton, a 0.2 percent decrease month over month. Meanwhile, hot-rolled coil in the United States finished the same day at $1,924 per short ton, essentially unchanged. Temperature-controlled cold-rolled coil increased by 0.5 percent month over month to $2,132 per short ton of steel.

Arnes Biogradlija
Creative Content Director at EnergyNews.Biz

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