With rising corona numbers, concerns about economic development are increasing and industrial metals are feeling this. Unfortunately, still relatively few infections provide for far-reaching restrictions. In contrast, the World Platinum Investment Council (WPIC) sees the outlook for platinum favorably. The WPIC has revised the supply surplus for 2022 somewhat downward. Low mining and recycling expectations were responsible for this. A supply deficit of around 300,000 troy ounces is expected for the coming year. The fact that there was a surplus of the metal in 2021 and 2022 was or is due to weakening automobile production. But now automotive, industrial, jewelry and investment demand have all gone up year-on-year. Demand for bars and coins was particularly strong, especially in Japan. Mine production is expected to be about the same next year as this year.
And a tight physical platinum market should drive the price of the precious metal. Demand for automobiles is forecast to increase by around eleven percent. Here, the metal is benefiting above all because it is replacing the more expensive palladium. Industrial demand is also expected to increase by around ten percent. Demand for jewelry, on the other hand, is expected to remain at the same level. On the investment side, the WPIC assumes that the negative demand will change into a positive one.
If you want to bet on platinum, you should take a look at Sibanye-Stillwater - https://www.youtube.com/watch?v=pWzGp8QJW9Y -, a major producer of platinum, palladium and gold. Battery metals are also in focus. The projects are located in the USA and in Africa.
In view of the increasing demand for automobiles, the copper required for this is also an investment opportunity, for example Hannan Metals - https://www.youtube.com/watch?v=UYCCTD_R_oE -. A company that owns the promising San Martin copper-silver project in the Andes in Peru as well as a project in Ireland.
Current corporate information and press releases from Hannan Metals (- https://www.resource-capital.ch/en/companies/hannan-metals-ltd/ -) and Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Ladgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/