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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...

Global platinum jewellery demand contracted 5% YoY   During Q3’21 platinum demand struggled to maintain the momentum of the first half, as the increasing shortage of key components (including semi-conductors), together with constraints on some raw materials, saw dramatic downwards revisions in the automotive market.   In addition, at times during the quarter the optimistic market tone subdued as the rise in Covid-19 cases prompted localised restrictions, serving as a reminder that economies remain fragile in this post-peak-pandemic era.    The negative impact on investor sentiment due to lower autocatalyst demand, was compounded by contagion concerns following news that Ever Grande might default on its debt obligations, as well as by growing expectations that interest rates would rise earlier than previously expected, to offset rising inflation. Changing forward market conditions, meanwhile, encouraged outflows of platinum from NYMEX depositories.    ...

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...

India platinum market size is of 228koz in 2019 Platinum Guild International (PGI) recently published its Platinum Jewellery Business Review, 2020-Web presentation under the heading of: Tectonic shifts: How the world is moving and jewellery demand is responding! The report presented by Huw Daniel, Chief Executive Officer- Platinum Guild International-PGI.   The presentation says about shifts accelerated by Covid-19, making programmes built around them key to recovery. As a key insight, under the Digital consolidation it said, the consumer journey is no longer a straight line!  Digital is not a channel; it is a key ingredient to the consumer experience, linking engagement to purchase – wherever both occur. Social distancing and lock-downs have made this even more of a priority. Another insight, focussed is Branding & Storytelling and said, marketing cannot improve generic products. Collections that have been developed with the consumer in mind and te...

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% ...

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...