Page 21 - Bullion World Issue 11 March 2022_Neat

Bullion World | Issue 11 | March 2022

The picture in 2020, was one of significant deficit,
largely because investment mattress was extremely
high. But also, most of the sectors on the demand side
were strong.

This year is a continued recovery in the automotive
market, surprisingly, despite the ship problems. What
we're seeing is that they are using the chips to make
more expensive and quite often more diesel cars. So,
the demand for platinum in catalysts has actually gone
Mr Paul Wilson up last year as expected this year, despite the overall
CEO, World Platinum Investment Council
number of fewer light vehicles. So, we're reasonably
optimistic going forward that we will have a surplus this
year.
WPIC: Platinium update

We actually had investments of 20 to 23 per cent of
platinum demand, which was quite unusual. In the
long run, before we started up around about 3%
contribution. So, we're pleased with the investors'
interest and what we do is, provide research supply-
demand analysis.

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