Platinum demand likely to tumble by 4% YoY
Despite double digit growth in Indian jewellery Global jewellery demand down by 2% YoY! Platinum supply will fall by 1% in 2018 YoY This is in the accordance with the seventeenth Platinum Quarterly data set, published by the World Platinum Investment Council (WPIC)-which examines activity in the third quarter of 2018, with a revised forecast for full year 2018 and a first forecast for full year 2019. Independent analysis is provided by our research partners SFA (Oxford). The Foreword to the report describes platinum substitution for palladium in autocatalysts as a potential new demand driver, and notes that a range of WPIC partnerships are improving retail investors’ access to physical platinum. Also, our short pieces on platinum’s many and varied demand applications, described in our new 60 Seconds in Platinum publications, are now available as a free subscription through our website. Key data from the study says, that mining supply in 2018 will fall by 1% ...