Iridium is a key catalyst that plays a huge role in increasing the efficiency of the PEM (Proton Exchange Membrane) electrolyzer but at the same time it is one of the scarcest elements mined from the Earth’s crust. According to our latest research, Iridium will have four years to solve its supply chain problems before the entire hydrogen industry will be placed under significant threat of undersupply, further fueling the demand for natural gas and coal. As the electrolyzer industry is set to ramp up significantly in a bid to support the imminent hydrogen industry that will decarbonize sectors like steel production, heavy-duty transportation, maritime shipping and aviation, more and more PGMs (Platinum Group Metals) will be required. The strain…