Automotive market continues to drive platinum demand – WPIC

The automotive market will remain the biggest demand segment for platinum for the foreseeable future, comprising between 31% and 46% of total demand, as it has for the last five years, reports the World Platinum Investment Council (WPIC).

The industrial segment comprises between 26% and 36% of total platinum demand, while the jewellery segment makes up between 23% and 30% of platinum demand.

The balance of demand is driven by investment, in platinum exchange traded funds for example, and remains the segment with the most variable demand.