Q2 2020 demand down 19% year-on-year but supply down by 35%; Weaker supply and strong investment demand move 2020 forecast to -336 koz deficit; Since the price lows of 19th March 2020, platinum has significantly outperformed gold; Hydrogen economy elevates platinum as a precious metal with long-term store of value
2020 demand down 18% but supply down 13%; Forecast 2020 surplus of 247 koz only 128 koz higher than previously forecast; Investors act on price fall as demand for bars and coins surges to 19% of total demand in Q1 2020 from 2% in previous quarter; Smelting process failure and more stringent auto emissions legislation major factors that limit surplus
New 2020 forecast shows platinum supply to narrowly exceed demand by 1.5% or 119 koz, indicating a balanced market; Outlook driven by strong industrial and growing automotive demand with upside from reducing CO2 emissions and responding to palladium shortages; In 2019, platinum surplus reduced to 65 koz from 790 koz in 2018, with total supply up 1% and total demand up 11%.
Balanced market in 2019 on 2% supply growth but record 1 moz growth in ETF holdings; 2020 surplus of 670 koz despite a 1% supply fall and strong, yet lower, investment demand; 2020 automotive forecast excludes any platinum-for-palladium substitution
Further platinum ETF growth in second quarter after record growth in Q1; SA mine supply up 1% year-on-year from one-off pipeline stock release; Annual surplus shrinks towards a balanced market on investment demand gains
Highest quarterly platinum ETF growth since their launch in 2007; SA mine supply seasonally strong but from pipeline stock release; Highest quarterly deficit since WPIC commenced publication
2019 demand up on continued growth in industrial and rebound in investment; 2019 automotive forecast excludes meaningful platinum for palladium substitution; Platinum surplus forecast in 2019 — 10% lower than 2018 surplus
The World Platinum Investment Council (WPIC) today announces its latest strategic partnership in China with CNOOC Taiyuan Precious Metal Co., Ltd (CNOOC Taiyun).
QFull year supply forecast revised downwards following reduced jewellery recycling; Overall global demand to fall by 2% compared to 2017; Industrial demand to strengthen by 5% to highest level in in 6 years
Partnership paves the way for increased access to retail platinum investment products in China; Move supports WPIC’s mission to stimulate investor demand for physical platinum worldwide
Q1’18 SA mine supply falls to lowest level for two years; Rebound in jewellery and industrial demand to continue in 2018; Investment demand buoyed by strong bar and coin buying in Q1’18
Jewellery posts growth of 3%, the first in 4 years; Industrial demand recovers to 2016 levels with an increase of 9%; Supply to stall with South African output set to fall by 2%
The Royal Mint has timed its first entry into the platinum bullion market to coincide with London Platinum Week.
The first platinum offering on BullionVault’s platform; Provides investors with access to the lowest-cost physical platinum bullion product in the world
Range includes platinum statuettes of Lord Ganesh in 3gm, 6gm and 9gm sizes; Products to be available at Muthoot Fincorp Branches; Easily affordable via savings and accumulation plans
Move marks first bullion platinum offering from The Royal Mint; Partnership supports WPIC’s mission to stimulate investor demand for physical platinum worldwide
This article was published in The Summer 2016 edition of Campden FO magazine
Follows record AUM growth of “Fruit of Platinum” ETF(Physical Platinum Exchange Traded Fund) in 2015; One of WPIC’s initiatives to stimulate investor demand for physical platinum worldwide
Agreement paves the way for increased access to retail platinum investment products; Partnership supports WPIC’s mission to stimulate investor demand for physical platinum worldwide
Major inflection points for future platinum demand.
WPIC commissioned report by Glaux Metal forecasts an average annual deficit of 250,000 ounces for six-year period to 2021
Exclusive agreement between WPIC and Rand Merchant Bank (RMB) will extend global reach of platinum bullion coin custodial certificates
The World Platinum Investment Council (WPIC) today announces the publication of its fourth Platinum Quarterly - the first independent, freely-available, quarterly analysis of the global platinum market. The report incorporates analysis of platinum supply and demand during the second quarter of 2015.
The World Platinum Investment Council (WPIC) today announces the publication of its third Platinum Quarterly - the first independent, freely-available, quarterly analysis of the global platinum market. The report incorporates analysis of platinum supply and demand during the first quarter of 2015.
The World Platinum Investment Council (WPIC) today announces the appointment of Marcus Grubb as Director of Market Development. He officially joins WPIC on the 1st of July and will be based at WPIC’s new global headquarters in St James’s, London.
The World Platinum Investment Council (WPIC) today announces the appointment of David Badham as Chief Administrative Officer. He joins with immediate effect and is based at WPIC’s global headquarters in London.
The first independent, freely-available, quarterly analysis of the global platinum market. The report incorporates analysis of annual platinum supply and demand for 2014, including a detailed review of the platinum market in Q4 2014, and a 2015 market forecast.
The World Platinum Investment Council (WPIC) today announces the appointment of Trevor Raymond as Director of Research, with effect from 1 March 2015. He joins from Anglo American Platinum where he was the Head of Market Intelligence and Market Relations – Precious Metals for 6 years.
The World Platinum Investment Council (WPIC) today announces the launch of Platinum Quarterly - the first independent, freely-available, quarterly analysis of the global platinum market. This inaugural Platinum Quarterly incorporates analysis of annual platinum supply and demand for 2013 and 2014. Importantly, the first analysis of quarterly supply and demand (Q3 2014) and an estimate of global above ground stocks of platinum are also presented.
The world’s top platinum producers have joined forces to launch an industry promotional body on Tuesday in an effort to increase demand for the precious metal as an investment asset.
Today, the world’s leading platinum producers announce the launch of a new industry entity,the World Platinum Investment Council (WPIC), which will work to develop the global market for platinum investment.
