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Electricity Shortages may Elevate Platinum’s Positive Price Seasonality in 2023

World Platinum Investment Council

January 2023

Category: Invest

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According to the World Platinum Investment Council, over the past 25 years, the platinum price has shown the strongest positive price seasonality in January and February.

The average compound return over those two months has been 7.7%, with only two of the 25 years resulting in negative returns over the first two months of the year. In contrast, platinum’s price performance seasonality has been more lacklustre through the middle of the year, before picking up again in the final months of the year.

 

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However, electricity supply shortages in South Africa could exacerbate refined mine production challenges in the first quarter of 2023, potentially accentuating platinum price seasonality.

Click here to download the full World Platinum Investment Council report. 

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