The latest edition of Platinum Quarterly presents platinum supply and demand developments for the fourth quarter of 2023-24, for the full year of 2023-24 and an updated forecast for 2024-25. It also provides the World Platinum Investment Council’s views on relevant issues and trends for investors considering exposure to platinum as an investment asset.
Some of the latest data provided in the report shows that the demand for platinum surged by 25% in 2023 and will remain robust in 2024, as well as the automotive demand for platinum rising by 16% in 2023, which is set to grow again in 2024.
Platinum supply levels were near a record low in 2023 and will decrease by another 1% in 2024. Industrial demand for platinum is but is still 12% higher than the five-year average prior to the Covid-19 pandemic.
Notes
The contents of this article are accurate at the time of publishing, are for general information purposes only and do not constitute investment, legal, tax or any other advice. Before making any investment or financial decision, you may wish to seek advice from your financial, legal, tax and/or accounting advisers.
This article may include references to third-party sources. We do not endorse or guarantee the accuracy of information from external sources, and readers should verify all information independently and use external sources at their own discretion. We are not responsible for any content or consequences arising from such third-party sources.
