SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Julius Wong who wrote (170896)4/23/2021 7:52:16 AM
From: TobagoJack  Read Replies (2) | Respond to of 219390
 
Henceforth I shall term silver as solar-tokens, going well with the hydrogen-economy tokens Pt and Pd

bloomberg.com

Europe Debuts Hydrogen Passenger Trains in Zero-Carbon Push

The trains will ply a regional line between Buxtehude, outside Hamburg, and the beach town of Cuxhaven

Tara Patel
April 23, 2021, 12:00 PM GMT+8
The first hydrogen-powered passenger trains built by Alstom SA are set to debut in Germany and establish a toehold for the technology in Europe.

After a lengthy trial period on a 123-kilometer (76-mile) track in Lower Saxony, Germany, commercial operations will begin next March, according to Carmen Schwabl, managing director at rail operator LNVG. Alstom’s 14 Coradia iLint passenger trains will ply a regional line between Buxtehude, outside Hamburg, and the beach town of Cuxhaven.

Alstom has been promoting trains that run on fuel cells for more than five years as an alternative to carbon-emitting diesel engines. In addition to the German project, the world’s second-biggest rail equipment supplier won an order earlier this month from France’s national railroad for a dual hydrogen-electric train and has garnered other contracts in Germany and Italy.

Its rival Siemens AG is also developing hydrogen trains and the European market is estimated to grow to tens of billions of dollars in the coming years as emissions rules get tougher. While battery packs or power lines can also be used to electrify rail travel and cut pollution, this isn't always a practical solution depending on the route.



An Alstom Coradia iLint is refueled, on April 20.

Photographer: Krisztian Bocsi/Bloomberg

European Union lawmakers reached a deal this week to make the bloc’s ambitious climate goals legally binding, and stronger rules are expected to affect industries ranging from transport to energy production. The region’s railways are on average only about 54% electrified and state-owned operators could face more pressure to replace polluting engines.

“Europe will definitely be the main market,” Alstom Chief Executive Officer Henri Poupart-Lafarge said Wednesday during a company webinar, citing France, Germany, Italy and the U.K. as countries with large diesel fleets. Fuel supply and infrastructure need to be expanded, he said, but “the trains are ready.”

There are substantial growth prospects for hydrogen trains in Europe, according to Morgan Stanley analysts. They estimate that by mid-century, the sector could be worth between $24 billion and $48 billion. By2030, trains running on hydrogen could make up one out-in-10 of those not already electrified.

What on Earth?The Bloomberg Green newsletter is your guide to the latest in climate news, zero-emission tech and green finance.

Alstom expects more than 5,000 passenger trains running on diesel in Europe will have to be replaced by around 2035. It also says a quarter of all trains in the region use the fuel and will have to retired by around mid-century to meet climate goals.

European nations are already pouring money into subsidies for companies developing battery and hydrogen technology for vehicles. This could also be extended to the rail industry to replace diesel train engines.

“We will no longer buy any diesel units,” said LNVG’s Schwabl during the webinar. The railway operates 126 trains running on the fuel and is looking for alternatives.



A hydrogen fuel tank unit is fitted on a Coradia iLint train at the Alstom SA factory in Salzgitter.

Photographer: Krisztian Bocsi/Bloomberg

In Austria, the federal railway OBB tested Alstom’s hydrogen train last year near Vienna and is evaluating how it compares with other systems for replacing diesel, Chief Technical Officer Mark Topal Goekceli said during the same forum.

“For longer distances and areas where we need more power, hydrogen has an advantage,” he said. “It seems that battery trains could have an advantage for short distances, but we need to sort this out.”

The costs to an owner of a regional passenger train are cheapest when it is powered by electric batteries, followed by diesel, hydrogen and then electric lines, according to clean energy research group BloombergNEF. The choice between batteries or fuel cells to replace diesel depends on factors like the length of the tracks, frequency of service and number of stops.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE

Sent from my iPad



To: Julius Wong who wrote (170896)4/23/2021 8:57:47 AM
From: Cogito Ergo Sum  Read Replies (2) | Respond to of 219390
 
Pass on jewelry argument.. it is rapidly fading with youngers



To: Julius Wong who wrote (170896)4/26/2021 1:37:47 AM
From: sense2 Recommendations

Recommended By
Cogito Ergo Sum
ggersh

  Respond to of 219390
 
Note who the author is ? The article is obviously wrong about where the market is.. and not coincidentally:

We're days away from another COMEX contract expiration... with more likely standing for delivery... when there's obviously less physical silver in the market now than there was in February...

Anecdotally, there are still 1000 oz bars available in the market... but recent dated bars from the Royal Canadian Mint are up to $35.50 per ounce from $31.50 recently... only a single seller on Ebay... the rest of the 1000 0z bars for sale on Ebay are $33, $32 or $31.50... but, importantly, they are "random maker" bars... with older dates on them...

That increases risks to buyers in lower grade silver that's been poured a long time ago... not made with the same higher standards more recently, or by a respected name that's still in the business... The older bars are often offered by recently arrived and nameless sellers without any proven track record as sellers... again increasing the risks that what is being sold might not be what the buyer hopes it to be.

Beyond the risks in longer storage periods... what it means (along with increasing risk of fraud in fake bars... or perhaps in the source being someone like the Perth Mint liquidating "deep storage" and now stolen bars) is that the banks are scraping the bottom of the barrel to supply the market. Silver is heavy, so in storage and accounting it is managed as LIFO... last in first out... So, when all you see is much older bars being sold... rather than bright shiny new ones... it means the vaults are almost empty. And that is what I'm seeing now... not bright shiny new bars... but tarnished old "random maker" bars... even the RCM bars are looking long in the tooth... been in storage for many years and have acquired a bit of a patina over time...

There is a movement afoot to try to coordinate another big push of buyers buying silver on May 1st...

There are 400 million ounces still under contract at the COMEX as the expiry approaches... which is rather a high number... I think it was 88 million that stood for delivery in February... and the ask couldn't be delivered.

While SLV tries to down play the risks... the opposite is true. Even the long mute LBMA has been forced to become a bit more transparent, recently...

The April 9 report... Record Stocks of Silver in London Vaults - End March 2021 was quickly followed by another: LBMA acknowledges “Buying Frenzy” in Silver Market and silver shortage Fears

That they address it at all is a huge change... they normally just ignore the market and say nothing. They way they address it in the most recent report... is clearly part of an effort being curated by their lawyers... to ensure fingers get pointed in the right direction when they do get pointed... as seems is coming.

And, you might note, a number of their statements directly contradict what the SLV is saying about 2021 demand falling. Demand for SLV is failling... as consumers get wise to the game and move to PSLV or take physical delivery themselves...It's not just the pace of growth in demand they're lying about... given the banks are clearly also lying about the amount of silver "held" against the contracts they have a requirement to hold silver against.

And, on May 24th and 25th... an oddity in Congressional hearings being held... with the CEO's of banks that are supposed to be holding and delivering the silver... with the subject of the hearing not being published ?
The event in February was WAY too obvious... and they're being watched carefully this month by "non-participants" in the lawlessness... Congress making some noise... still unlikely to result in anyone going to jail... as should happen... but it is also unlikely that it will help them enable the suppression trade while continuing to practice frauds... rather than clue in more people that there's a massive short squeeze coming... "soon"...

Still, I don't think you should expect to see anything much different in May than you saw in March.

There are some rumors, though, that China and Russia might be sticking fingers into the silver pie soon ?