Page 17 - Bullion World Volume 5 Issue 08 August 2025

Bullion World | Volume 5 | Issue 08 | August 2025

coin investment, accounting for 64% of global platinum established its value in industrial applications. At
bar and coin demand in 2024, up from 11% in 2019, the same time, its unique precious metal attributes
as market development initiatives continue to bear have made it the premier jewellery metal. Excluding
fruit. Moreover, that this growth has been strongly jewellery and investment demand, more than 80% of
supported so far in 2025 by a resurgence of platinum platinum’s end uses are reducing energy requirements
jewellery manufacturing in China, in the wake of the and harmful emissions, providing an invaluable aspect
extremely high gold price, has been a major talking of global decarbonisation efforts.
point at this year’s event.
Platinum’s supply comes from two main sources:
“Platinum investment is a natural mechanism for primary mining output and recycling, which typically
attracting metal into any geography, providing a pool comes from end-of-life auto catalysts and jewellery
of liquidity to supply future demand. For a strategically recycling. Over the last five years, between 72% and
important metal, like platinum, which is an essential 79% of total annual platinum supply (in refined ounces)
ingredient for the hydrogen economy and global has come from primary mining output.
decarbonisation, this is likely to prove particularly
important for major end users, such as China, that Global demand for platinum is robust and becoming
do not have meaningful domestic sources of supply more diverse. There are four core segments of
beyond recycling. platinum demand: automotive, industrial, jewellery and
investment demand.
“On behalf of all the organisers, I extend our heartfelt
thanks to all attendees, exhibitors and speakers for Platinum demand from autocatalysts has equated to
their invaluable contributions. We eagerly anticipate between 29% and 42% of total demand in the last five
continuing these important conversations and sharing years. Platinum’s diverse non-automotive industrial
further progress at Shanghai Platinum Week 2026.” uses account on average for 32% of total global
demand (five-year average). Over the same period,
About Platinum global annual jewellery demand has averaged 26% of
Platinum is one of the rarest metals in the world with total platinum demand. Investment demand is the most
distinctive qualities making it highly valued across variable category over the past five years, ranging
a number of diverse demand segments. Platinum’s between -8% and 21% of total demand (excluding
unique physical and catalytic properties have movements in unpublished vaulted investor holdings).

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