EV Slump Powers Platinum Supply Deficit Amid Rising Investment Demand
Tuesday, 10 September 2024, 07:03
Platinum Supply and Demand
The EV slump powers the platinum supply deficit, indicating a significant challenge for miners. Platinum output has reached the third-lowest levels in the last two decades, unable to keep pace with rising demands. As investment attitudes shift towards platinum, industrious areas are struggling to meet expectations.
Investment vs. Traditional Market
- Mining Output: Current mining output is insufficient, putting pressure on the market.
- Jewelry Demand: Jewelry continues to drive a significant portion of platinum's consumption.
- Traditional Cars: The automotive sector's reliance on catalytic converters maintains demand.
This creates a complex landscape for investors and miners alike.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.