Platinum demand this year will exceed supply by the biggest margin since 1999, according to Johnson Matthey in London

Gavin Wendt
Gavin Wendt MineLife

Platinum demand this year will exceed supply by the biggest margin since 1999, according to Johnson Matthey in London. This is good news for precious metals investors. More industrial purchases and investment will outweigh slower buying by jewellers and car manufacturers. While car manufacturers will buy less platinum for the first time since 2009, rising demand from chemical, electrical and glass industries and record investment will widen the shortage by 78% to 605,000 ounces, according to Johnson Matthey in a report released on Tuesday morning London time.

Comments

Please sign in to comment on this wire.