Kitco NEWS | This Metal Faces 'Largest Deficit in Decade' as China Holds Demand - Ed Sterck @kitco | Uploaded October 2024 | Updated October 2024, 6 minutes ago.
Jeremy Szafron, Anchor at Kitco News, interviews Edward Sterck, Director of Research at the World Platinum Investment Council, on platinum's largest supply deficit in over a decade. Sterck explains that the deficit is driven by decreased mining output, a drop in recycling supply due to fewer end-of-life vehicles, and changing consumer habits. He discusses how China’s steady demand for platinum remains strong despite economic challenges, and how the surge in hybrid vehicle production—using more platinum than traditional combustion engines—has significantly boosted demand. Sterck also sheds light on the role hydrogen fuel cell technology could play in platinum’s long-term demand outlook, offering insight into the future of this critical metal.
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00:00 - Introduction
01:00 - Platinum Supply Deficit Overview
03:00 - Recycling Challenges and Impact on Supply
05:00 - Decline in Mining Output
07:00 - China’s Role in Platinum Demand
09:00 - Hybrid Vehicles Increasing Platinum Use
12:00 - Hydrogen Technology and Future Demand
15:00 - South Africa’s Supply Concerns
18:00 - Jewelry and Industrial Demand Trends
20:30 - Future Outlook for Platinum Market
#Platinum #PlatinumDeficit #PreciousMetals #PlatinumSupply #ChinaDemand #HybridVehicles #HydrogenTechnology #MiningOutput #RecyclingChallenges #MetalsInvestment #CommodityMarkets #MarketAnalysis #EconomicOutlook #KitcoNews #JeremySzafron #EdwardSterck #WorldPlatinumCouncil #IndustrialDemand #Investing #GlobalEconomy #PreciousMetalsInvestment
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Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
Jeremy Szafron, Anchor at Kitco News, interviews Edward Sterck, Director of Research at the World Platinum Investment Council, on platinum's largest supply deficit in over a decade. Sterck explains that the deficit is driven by decreased mining output, a drop in recycling supply due to fewer end-of-life vehicles, and changing consumer habits. He discusses how China’s steady demand for platinum remains strong despite economic challenges, and how the surge in hybrid vehicle production—using more platinum than traditional combustion engines—has significantly boosted demand. Sterck also sheds light on the role hydrogen fuel cell technology could play in platinum’s long-term demand outlook, offering insight into the future of this critical metal.
Follow Jeremy Szafron on X: @JeremySzafron (twitter.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (twitter.com/kitconewsnow)
00:00 - Introduction
01:00 - Platinum Supply Deficit Overview
03:00 - Recycling Challenges and Impact on Supply
05:00 - Decline in Mining Output
07:00 - China’s Role in Platinum Demand
09:00 - Hybrid Vehicles Increasing Platinum Use
12:00 - Hydrogen Technology and Future Demand
15:00 - South Africa’s Supply Concerns
18:00 - Jewelry and Industrial Demand Trends
20:30 - Future Outlook for Platinum Market
#Platinum #PlatinumDeficit #PreciousMetals #PlatinumSupply #ChinaDemand #HybridVehicles #HydrogenTechnology #MiningOutput #RecyclingChallenges #MetalsInvestment #CommodityMarkets #MarketAnalysis #EconomicOutlook #KitcoNews #JeremySzafron #EdwardSterck #WorldPlatinumCouncil #IndustrialDemand #Investing #GlobalEconomy #PreciousMetalsInvestment
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.
SUBSCRIBE to our channel to stay up to date on the latest market and industry news.
For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at kitco.com
To get market updates on the go, download the Kitco Gold Live! APP - applications.kitco.com
Stay connected:
Twitter - twitter.com/kitconewsnow
Instagram - instagram.com/kitconews
Facebook - facebook.com/KitcoNews
LinkedIn - linkedin.com/company/kitconews
StockTwits - stocktwits.com/kitconews
Live gold price and chart: kitco.com/gold-price-today-usa
Live silver price and chart: kitco.com/Silver-price-today-USA
Live crypto market data: kitco.com/price/crypto
Learn more about Kitco News: kitco.com/news/about
For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: kitco.com/advertising
Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
