Platinum set to suffer as diesel demand, jewellery sales soften
Businessam Staff
July 24, 2017
Anglo American Platinum Ltd. sees a surplus of platinum-group metals this year as demand from makers of jewellery and car catalytic converters drops, weighing on prices and adding to pressure on miners. Lower demand follows falling sales of diesel vehicles in Europe, which uses platinum to cut pollution, and a slowing Chinese jewellery market, the […]
Demand for platinum under threat from electric car growth
Businessam StaffJuly 12, 2017
Global demand for platinum is under threat from an unlikely source, says Bodo Albrecht, chairman of the International Precious Metals Institute. He told Reuters Global Gold Forum Wednesday, that take-up of electric cars may prove more devastating for platinum group metals demand than digital photography was for silver. Silver demand from photography slid from more […]