WPIC – Platinum Perspectives, July 2024

The WPIC co-hosted the fourth annual Shanghai Platinum Week, with over 500 delegates and 770 thousand online viewers attending. The conference covered topics such as challenges in PGM supply, demand drivers like autocatalysts and green hydrogen, and platinum's strong investment case. Key takeaways included the announcement of China's first platinum and palladium futures contracts, expected benefits for platinum demand in jewelry and investment, and China's leadership in the global hydrogen economy push. Headwinds to primary and secondary platinum supply were discussed, with PGM miners facing weak basket prices and challenges in recycling supply due to China's new tax policy. Overall, the conference highlighted dynamic trends in the local PGM market and the potential for growth in platinum demand in various industries.