GJ Town India

Amid headwinds Platinum deficit of 353 koz in 2024! Recently, World Platinum Investment Council (WPIC), published Platinum Quarterly data set, which examines activity in the third quarter of 2023. It also includes a revised estimate for full-year 2023 and a first forecast for 2024. Independent analysis is provided by our research partner, Metals Focus.      The Foreword to the report provides an overview of supply and demand developments in the platinum market, as well as our view on issues and trends relevant to considering exposure to platinum as an investment asset. Key takeaways from the report are; 1: Platinum deficit of 353 koz forecast for 2024, with this year’s estimated deficit to reach a record 1,071 koz. 2: Both mining and recycling supply expected to be well below pre-Covid levels in 2023 and 2024 3: Automotive demand continues to strengthen, up 14% this year, with a further 2% increase expected next year 2023 will see the highest industrial demand on record, with ...

Platinum demand rose 21% in 4Q 2021   The World Platinum Investment Council-WPIC’s views on issues and trends relevant to those investors considering exposure to platinum as an investment asset, including a high level overview of the potential impacts from the Russian invasion of Ukraine, plus an update on how our product partnerships continue to meet investors’ needs. Here is the gazing of Platinum supply and demand for 2022 on the back of updating 2021.   Total platinum demand rose 21% (+283 koz) quarter-on-quarter in Q4’21, with ongoing strong demand from the industrial and jewellery segments supplemented by improving automotive demand, despite ongoing semiconductor shortages. This was helped by improved but still negative investment demand, with ongoing strength in bar and coin demand offset by continued reductions in ETF holdings and stocks held by exchanges (primarily NYMEX), albeit at lower rates than in Q3’21.  In the platinum market a further sign of the posi...

An updated outlook for 2021 and an initial forecast for 2022!   Recently, World Platinum Investment Council (WPIC) published twenty-ninth Platinum Quarterly data set, which examines activity in the third quarter of this year and includes an updated forecast for 2021. This edition of Platinum Quarterly presents platinum supply and demand developments for the third quarter of 2021, an updated outlook for 2021 and an initial forecast for 2022.    It also includes the WPIC’s views on issues and trends relevant to those investors considering exposure to platinum as an investment asset, plus an update on how our product partnerships continue to meet investors’ needs. The Platinum Quarterly data and commentary are prepared independently for the WPIC by Metals Focus.    Platinum demand for the total of automotive, jewellery and industrial applications in the third quarter of 2021 continued the steady year-on-year quarterly recovery seen since the fourth quarter of...

WPIC forecast to rise supply by 16%   Jewellery Market Bureau::  The World Platinum Investment Council (WPIC) published Platinum Quarterly Q1 2021 and reviewed Platinum in 1Q. During Q1’21, the global economy continued to recover, underpinned by widespread stimulus measures. Scarcely a year on since the World Health Organisation declared Covid-19 a pandemic, the extent of the recovery in some areas has been surprising as pent-up consumer demand drove economic revival.   However, in the automotive sector, supply chain difficulties became increasingly apparent, hampering the sector’s recovery against this backdrop, Q1’21 platinum demand increased 26% (+405 koz) year-on-year to 1,969 koz while total supply grew 11% (+187 koz) to 1,950 koz. Overall, this resulted in a modest deficit of -19 koz, compared to the Q1’20 surplus of 199 koz.   For 2021 total platinum supply is now forecast to rise 16% year-on-year to 7,883 koz. However, it will remain below pre-pandemic 20...

Shining a light on platinum!   In the series "Platinum beyond the Bench," PGI USA shares platinum stories with the goal of shining a light on platinum's many uses beyond the realm of jewelry. Information for ‘Platinum beyond the Bench’ is provided by the World Platinum Investment Council. Boots on the Moon: Platinum’s ability to unlock hydrogen technologies could help achieve sustainable space exploration goals NASA’s Artemis lunar exploration program hopes to send the first woman and the next man to the surface of the moon. While ‘boots on the moon’ are not expected until at least 2024, it is an ambitious program that aims to open up a new frontier in space travel. Throughout the Artemis program, robots and humans on the lunar surface will search for, and potentially extract, resources such as water that can be converted into other usable resources, including oxygen and hydrogen.  By fine-tuning precision landing technologies as well as developing new mobility capabili...

  Jewellery recycling volumes to grow by 16% in 2021   2021 outlook is with the accordance with World Platinum Investment Council (WPIC), that a focus on demand & supply both. Here is the announced 2021 Platinum Supply outlook by WPIC. According to the recent WPIC report, in 2021 total supply is forecast to increase by 17% (+1,127 koz) year-on-year to 7,865 koz, recovering to 95% of the pre-pandemic level.   Mine supply is expected to sharply rebound 20% (+976 koz) year-on-year to 5,772 koz following the extreme disruption of 2020. South Africa will account for most of the gains and is forecast to rise 32% (+992 koz) year-on-year to 4,092 koz as output recovers following the processing infrastructure failure and pandemic curtailed operations of 2020. The mine restructuring and shaft closures of the previous few years, a response to the low PGM price environment, have now been fully implemented with the decline in mine capacity expected to stabilise in 2021. Reserv...

Total Platinum demand in 2021 to increase by 2%   2021 outlook is with the accordance with World Platinum Investment Council (WPIC), that a focus on demand & supply both. Here is demand outlook; supply outlook is being carried here earlier!   As the world emerges from the pandemic over the course of 2021, we expect economic activity to gradually return to near pre-pandemic levels and automotive, jewellery and industrial demand to grow. However, as investment demand is not expected to repeat the record in 2020 it will decline. Total platinum demand in 2021 is therefore expected to increase 2% (+150 koz) to 8,089 koz.   We forecast a 24% (+575 koz) increase in automotive demand as light-duty vehicle production is set to increase by 11 m units to 85 m and heavy-duty vehicle production grows by 5%. Even though light-duty production is expected to be 4m units below 2019, platinum demand is projected to increase to 4% above pre-pandemic levels due to the increase in l...

According to the World Platinum Investment Council (WPIC) 2018 Q2 Platinum Market Review, global platinum demand contracted by 8% year-on-year to 1,780 koz in the second quarter this year. The largest decline was seen in investment demand which swung from positive in Q2’17 (+100 koz) to negative in Q2’18 (-5 koz). As outflows from ETFs more than outweighed solid bar and coin demand, Automotive demand fell year-on-year (-40 koz), while jewellery demand was unchanged and industrial demand improved (+30 koz). Total platinum supply increased marginally to 2,120 koz, as total mining supply grew by 1% (+10 koz) and platinum recycling was flat year-on-year. With demand weakening and supply little changed, the market had a surplus of 340 koz. Supply of refined production increased by 1% (+20 koz) year-on-year to 1,575 koz in the second quarter of 2018. South African supply grew by 3% year-on-year to 1,125 koz, partly owing to reduced capacity in the prior year period for shaft re...