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Electricity From Fuel Cells Sparking Demand For Platinum: Energy
With platinum prices at a five-year low, Anglo American Platinum Ltd. (
AMS ▲ 5.62% 38.02k ) is seeking to boost demand for the metal with systems that produce electricity in remote areas. Platinum, now used mostly for jewelry and catalytic converters for vehicles, has a unique ability to react with hydrogen, making it an efficient catalyst for fuel cells. Anglo American and Canada’s Ballard Power Systems Inc. ( BLD ▼ -1.91% 2.57) are now testing the process to see if it can be used to light up an isolated village.
The test in South Africa , the world’s biggest platinum producer, may lead to wider use of fuel cells as a source of power in developing regions. More than 1.3 billion people worldwide live without electricity, and almost half are in sub-Saharan Africa, according to the International Energy Agency.
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Twitter.com/wealthnews According to SIPRI (Stockholm International Peace Research Institute), total world spending on military expenses in 2009 was $1.531 trillion US dollars. 46.5% of this total, roughly $712 billion US dollars, was spent by the United States.
The privatization of the production and invention of military technology also leads to a complicated relationship with significant research and development of many technologies.
The Term "military-industrial complex
" was made famous by President Dwight D. Eisenhower in his 1961 farewell address. Eisenhower warned: "In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the
military-industrial complex
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