Edward Simpkins

Andrew Michelmore, the chief executive of the Australian mining group WMC Resources, will tell investors in London this week that the world faces a shortage of uranium and that his company has the world’s biggest deposit of the metal.

The problem with previous versions of fuel cells is that they have worked only with hydrogen and have required expensive platinum components. The advantage of the Ceres cell is that it is made largely from stainless steel and ceramics using fairly standard low-cost manufacturing techniques.