Recently, a significant breakthrough has been achieved in hydrogen energy technology: The new-type supported catalyst introduced by the Yong Hydrogen team has reduced the iridium usage in PEM electrolyzers from 1.0 mg/cm² to 0.3 mg/cm², resulting in a 70% cost reduction. This technology was jointly developed by the University of Oxford and the Jiangsu Industrial Technology Research Institute, utilizing inexpensive carriers to replace the core, thereby increasing the iridium utilization rate to over 90%. This advancement may address the global scarcity of iridium resources, significantly reduce the cost of PEM hydrogen production, and accelerate its commercialization process.

[SMM Analysis: Iridium Usage in PEM Electrolyzers Drops by 70%, Yong Hydrogen Team's New-Type Catalyst Ushers in a New Era of Cost Reduction in Hydrogen Production] Recently, a significant breakthrough has been achieved in hydrogen energy technology: The new-type supported catalyst introduced by the Yong Hydrogen team has reduced the iridium usage in PEM electrolyzers from 1.0 mg/cm² to 0.3 mg/cm², resulting in a 70% cost reduction. This technology was jointly developed by the University of Oxford and the Jiangsu Industrial Technology Research Institute, utilizing inexpensive carriers to replace the core, thereby increasing the iridium utilization rate to over 90%. This advancement may address the global scarcity of iridium resources, significantly reduce the cost of PEM hydrogen production, and accelerate its commercialization process.

【SMM Daily Review: Market Remains Stable After Holiday, Ferrochrome Output Expected to Increase】On May 6, 2025, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,100-8,200 yuan/mt (50% metal content), unchanged from the previous trading day...

Due to the recent continuous rise in chrome ore and sulphuric acid prices, leading to increasing production costs, in order to coordinate the production development of both parties and maintain a good business relationship, our company, adhering to the principle of mutual benefit, hereby adjusts the selling prices of the following products effective immediately: the price of metallic chrome will be increased by 5,000 yuan/mt on the original basis.

According to the SMM survey, Indonesia's ESDM (Ministry of Energy and Mineral Resources) issued two decrees numbered 80.K/MB.01/MEM.B/2025 and 72.K/MB.01/MM.B/2025. Decree No. 80.K/MB.01/MEM.B/2025 announced a new calculation method for HMA prices of metallic minerals, while Decree No. 72.K/MB.01/MM.B/2025 clarified the HPM price calculation for eight nickel-related products, including nickel ore, NPI, and mixed hydroxide precipitate (MHP).

Energy is shifting to clean sources of solar, wind, and electric vehicles much faster than ever. Governments and companies are doubling down on their sustainability ambitions, as the demand for these key raw materials-the thought leaders in the pack are copper, aluminum, and nickel-is taking off. These are the metals on which a new energy economy will be built-from the production of solar panels and wind turbines to the assembly of EV batteries. So, how do businesses in manufacturing, construction, and energy make purchase decisions to account for such changes in the market and pricing?