Supply & Demand - World Platinum Investment Council

“Demand for platinum is diverse and global. We believe providing regular data and insights means that platinum is considered by more investors.”

Trevor Raymond

CEO World Platinum Investment Council

The current edition of Platinum Quarterly includes analysis of platinum supply and demand fundamentals for Q2 2023 and an updated forecast for full-year 2023.

Explore platinum’s diversity of demand using the infographics in How Platinum Improves our World, Demand Drivers and Hydrogen Demand.

Platinum is a rare metal with distinctive qualities that make it highly valued across a number of diverse demand segments.

Platinum’s unique physical and catalytic properties have established its value in industrial applications. Its precious metal attributes have made it the premier jewellery metal.

Published investment holdings of platinum have increased significantly over the last few years. Investors in North America, Europe, South Africa and parts of Asia are buying the physical metal and platinum-backed ETFs.

Over the past decade, annual investment demand, from physically backed exchange-traded products together with bars and coins, has ranged up to 20% of demand in 2020. This complements jewellery demand of 24% in the same year and increases platinum’s diversity of demand.

We are committed to building greater understanding of, and confidence in, the supply and demand fundamentals of the global platinum market. We believe this increased insight will result in a broader base of investors considering platinum as an investment.