Page 22 - Bullion World Issue 11 March 2022_Neat

Bullion World | Issue 11 | March 2022

The supply picture has been somewhat constrained. It
won't be until 2024. That the production of platinum will
have reached the levels that it was asked for in 2019.
So, we have this temporary bump in 2021 because of
work in progress with the inventory issue, but you need
to think of mining supply and platinum being relatively
stable over time.

The demand side is interesting and we think there is
considerable demand, growth potential worldwide for
platinum and one of the issues is in the automotive
sector and heavy-duty diesel trucks. We think there's
huge potential in China for the loadings on those trucks
to increase.

Mr Nikos Kavalis
Managing Director, Singapore, Metals Focus

Metals Focus: Update on global

precious metals markets

The optimist in me had not quite anticipated, the swift,
escalation in eastern Ukraine, and we have seen this
morning into the afternoon here in Asia. These events
have clearly been capitalized. The rapid rally across all
precious metals with the gold price.

The Chart top left shows in blue the demand from
China for platinum from all sectors which has been
growing over time and China is the largest consuming
Nation. The pink areas are the amounts of platinum
which are imported in addition into China for which
they are unexplained volumes.

Source: Metals Focus, Bloomberg

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