Page 37 - Bullion World Issue 4 August 2021

Bullion World | Issue 01 | May 2021 Bullion World | Issue 04 | August 2021

INTERNATIONAL news

Demand for platinum

and palladium in auto
sector set to rise as

regulations tighten

Platinum demand from the automotive sector is
expected to be 25% up on 2020, reaching almost
three-million ounces this year, World Platinum
Investment Council (WPIC) research director Trevor
Raymond says, partly attributing the projected
increase to the Euro 6d and China 6a emissions
regulations coming into force and being applicable
to all vehicles sold in Europe and China respectively.

This stands to affect some 31-million passenger and
light commercial vehicles this year alone, with both
standards being much more stringent than their
predecessors.

Source: https://www.miningweekly.com

Environment for

gold prices still
supportive: WGC

Despite a recent drop in the gold price, demand
will hold firm in the second half of the year
against the rising spectre of inflation, with
institutional investors gearing up to increase
their allocations, according to the World Gold
Council’s H2 outlook.

There will still be a supportive environment
for gold prices in the second half of 2021
amid concern about inflation although "not
all investors are aligned on whether inflation
will be transient or permanent", according to
Juan Carlos Artigas, WGC head of research.
However, the prospect of rising interest rates,
which traditionally means a falloff in investment
gold demand could also have unintended
consequences, which may boost the gold price,
according to the WGC outlook.

Source: https://www.miningnews.net/

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