Global platinum market expected to be in deficit in 2023 on growing demand and supply constraints - report

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 78%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

platinum Global platinum market expected to be in deficit in 2023 on growing demand and supply constraints - WPIC

Editors Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of todays must-read news and expert opinions. Sign up here!

According to the report, automotive platinum demand jumped 25% year-on-year in Q3’22 on a very weak Q3'21 driven in large part by a 27% increase in light-duty vehicle production as supply-chain challenges eased. Jewellery demand for platinum in 2022 is forecast to remain unchanged year-on-year at 1,953 koz, with growth in Europe, North America, India and Japan not fully countering weakness in China, yet an improvement on the demand projected at the beginning of the year. For 2023, jewellery demand is expected to remain flat at 1,954 koz, WPIC said.

Meanwhile, outflows from exchange warehouses and liquidations of ETF holdings are expected to slow, resulting in net investment of 212 koz in 2023.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 13. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Bear market will last through 2023: Goldman Sachs strategistsGoldman Sachs strategists estimate the S\u0026amp\u003BP 500 will end 2023 at 4,000 index points. Read on
출처: financialpost - 🏆 7. / 85 더 많은 것을 읽으십시오 »