Zhang Wenbin, Head of Market Research for the World Platinum Investment Association in China: The Chinese platinum market has become a key engine driving global demand growth.

On November 7th, Zhang Wenbin, the head of market research at the World Platinum Investment Association in China, delivered a keynote speech at the 19th China Precious Metals Industry Development Forum. He believes that platinum has entered a three-year shortage cycle, and the supply-demand relationship combined with policy adjustments and other factors have pushed platinum prices up significantly this year. He predicts that the platinum market may continue to experience shortages in the next five years. On the demand side, there is strong performance, especially in the Chinese market, which has become a key engine driving global platinum demand growth. "The demand side of the Chinese platinum market presents obvious structural differentiation characteristics. Although platinum demand in the automotive sector has declined, the three major demand sectors of jewelry, industry, and investment are rising strongly, becoming the core force driving demand growth," said Zhang Wenbin.