Auto industry demand is being boosted by rising vehicle production and tighter regulations requiring more metal in exhaust systems to neutralise emissions.
Purchases of platinum bars and coins will rise 49 percent next year as buying in Japan increases, the WPIC said, while outflow of metal from exchange traded funds and exchanges should slow considerably. Despite oversupply, availability of platinum has been tight because China has imported 2.5 million ounces since early 2021, the WPIC said.
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