Platinum
Regions Covered
Global
Regions Covered
Global
Platinum, one of the rarest elements in the world, is among the most popular commodities for investors and traders. Global demand for platinum is expected to fall by 2% in 2018 prompted by reductions in automotive, jewelry and investment demand. These declines are expected to outweigh an expected increase in demand for platinum from the industrial sector, with a 60% rebound in petroleum demand following a raft of refinery closures in 2017.
Automotive demand for the year is forecast to fall to 3,130 koz, due to lower diesel production in Western Europe. Demand is expected to increase slightly in India and North America in 2018.
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