WPIC is a global market authority providing investors with platinum market intelligence. Our most recent Platinum Quarterly, published on 8 March 2023 presents the platinum supply/demand fundamentals and balance for 2022, as well as the same projections for 2023. Incorporated within the outlook are the risks to supply from power shortages in South Africa, as well as the challenges facing Russian production as a result of Western sanctions in response to its invasion of Ukraine. We also provide insights into the outlook for strong demand growth from automotive and industrial applications, as well as from investment demand.

The demand outlook is supported by the hydrogen economy. Whilst hydrogen demand for platinum is growing off a small base today, it is projected to become the major driver of platinum demand in the 2030s, underpinning platinum’s already important role as a catalyst to reduce harmful emissions.