*Sigh* Platinum takes a dump, again...

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Hydrogen fuel cell vehicles represent just one segment of an expanding market for hydrogen, which some see as the fuel of the future. That's according to a recent report from Commerzbank Research, which states that hydrogen is becoming increasingly important as an energy carrier and in achieving climate targets.

The German bank expects that as the hydrogen economy grows, so will the demand for platinum. Quoting data from the World Platinum Investment Council WPIC, Commerzbank said that platinum demand in the production of hydrogen is expected to grow from 48,000 ounces last year to 2.7 million ounces by 2030.
...
Click to expand...

More:

www.kitco.com

The growing hydrogen economy is bullish for platinum

Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
www.kitco.com
 
Rafi has talked a lot about the Palladium market the last two videos. I went to see if I could buy some physical but it was non-existent. A few bars were available and they were $200 over spot.



Headlines, JPM moved Half of its silver left over to possibly deliver. Meaning they don't have much left.

Something even Bigger in Palladium is happening.
 
Last edited:
Voodoo said:
Rafi has talked a lot about the Palladium market the last two videos. I went to see if I could buy some physical but it was non-existent. A few bars were available and they were $200 over spot.



Headlines, JPM moved Half of its silver left over to possibly deliver. Meaning they don't have much left.

Something even Bigger in Palladium is happening.
Click to expand...

i have a bit of PL ... i have never actively tried to sell it but if you mention selling it at a coin show or at a coin shop seems like the dealers start backing away and hem hawing about how much the discount is etc, basicly they dont want to buy it unless you take a huge haircut ....unlike if you mention selling some 90% silver they will come around the table/counter to try to buy it
 
I had a Palladium bar and sold near the last peak (or close to what I though). I didn't have a problem but went to a bigger city quality coin shop. I also wanted to trade so I got a couple 1/2 oz Pt coins in trade plus a small check.
 
...
Bank of America noted that there are four competing technologies in the Green Hydrogen sector, with nickel-containing alkaline water electrolysers (AELs) currently being the industry standard. However, they noted that platinum-intensive proton exchange membrane electrolysers (PEMs) have gained traction and currently account for 32% of installed electrolysis projects globally, and 74% of projects slated to be commissioned by 2030.

The analysts said this growth could represent significant new demand for platinum within the next decade.

"Under the assumption that PEMs will have a 70% market share by 2030 (i.e., slightly below of what is in the project pipeline), annual platinum demand from green hydrogen production could reach [778,000 ounces]," the analysts said. "In the Net Zero scenario, which would require accelerated investment in electrolysis, it could be three times bigger, at 2.4Moz, equivalent to about 29% of supply."

The BofA analysts said that demand from the hydrogen sector could outpace the supply of platinum.

"We expect deficits in the platinum market to start kicking in later in the decade, potentially topping 1Moz in 2030," they said. "Nevertheless, rising investments into the hydrogen economy and acceleration in the adoption of PEM electrolysers and FCEVs could tighten the market earlier than anticipated."
...
Click to expand...

www.kitco.com

Green hydrogen economy may consume 2.4 million ounces of platinum annually by 2030 - Bank of America

Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
www.kitco.com
 
Hydrogen vehicles will not need catalytic converters, so that supply can shift.
 
nickndfl said:
Hydrogen vehicles will not need catalytic converters, so that supply can shift.
Click to expand...
i agree direct hydrogen burning vehicles do not need catalytic converters........but hydrogen fuel cells that produce electricity for electric motors do use a lot of platinum .........so its two totally different concepts

in this concept vehicles are electric motor driven but instead of batteries they use hydrogen fuel cells
 
Ttazzman said:
i agree direct hydrogen burning vehicles do not need catalytic converters........but hydrogen fuel cells that produce electricity for electric motors do use a lot of platinum .........so its two totally different concepts

in this concept vehicles are electric motor driven but instead of batteries they use hydrogen fuel cells
Click to expand...

It's not just on the consumption end but Also on the Production of the Hydrogen. Many options to produce the hydrogen would also use a decent amount of Pt.
 
Spot price of platinum doesn't matter. When you see random 1oz. platinum coins for sale @ SD for < $1k is a good buying opportunity.

Don't buy kilo platinum bars because they are hard to resell.
 
...
In its second-quarter market report, the World Investment Platinum Council said platinum could see a deficit of 1 million ounces, "the largest deficit on record in terms of both absolute ounces and as a percentage of annual demand," the report said.
...
"Industrial platinum demand totaled 697 koz in Q2'23, a 12% increase year-on-year and its highest level since Q3'21," the report said.

Another important pillar of platinum demand is the investment market, which Sterck said remains relatively consistent as the market sees solid inflows into platinum-backed exchange-traded products.

"Platinum ETF holdings grew by 155 koz in Q2'23, their largest quarterly increase since Q3'20 and up 196 koz since the start of the year, with significant renewed interest from South African funds. However, overall ETF holdings are expected to soften during the rest of 2023," the analysts wrote in the report. "Despite a fall in global bar and coin investment to 26 koz (-64%, -46 koz) in the second quarter, full-year 2023 is likely to see a year-on-year jump of 45% (+102 koz), to 326 koz, the first growth in bar and coin investment in three years, driven by a return to positive net platinum investment in Japan."
...
Click to expand...

More:

www.kitco.com

Platinum Market on track to see record 1-million ounce deficit in 2023

(Kitco News) - The platinum market has been fairly dull through most of 2023 as prices trade in a broad $100 range between $900 and $1,000 an ounce; however, the latest research from the World Investment Platinum Council shows the market is starting to heat up as the precious metal could see a...
www.kitco.com
 
1 oz coin random date $993! A bargain.

sdbullion.com

1 oz Platinum Coins - Design Our Choice

Buy 1 oz Platinum bullion coins at the lowest price online guaranteed. Join over 100,000 precious metals investors and start saving on platinum today with SD Bullion.
sdbullion.com sdbullion.com
 
Gold to Platinum ratio had recently dipped back under 2. As I type it is 2.15. Seems like a screaming good deal/cheap price. Platinum and Silver have been the twin step sisters for a long time now. Wonder when something is gonna give?
 
Things are building to the breaking point everywhere. For better or worse this doesn't hold together much longer. You can get some $980 major mint Pt coins now but I'm a bit tapped out, though leveraging up is tempting I must say.
 
It's going to break when Russia and South Africa cut off supplyvto the west.
 
nickndfl said:
It's going to break when Russia and South Africa cut off supplyvto the west.
Click to expand...

If there is a market that Russia almost itself controls that would be Pt/Pd. Throw in S. Africa and they absolutely can control that market.

Went and looked this is for Platinum

www.statista.com

Platinum: mine production by country 2022 | Statista

The mine production of platinum in Russia amounted to approximately 20 metric tons in 2022.
www.statista.com www.statista.com

1694208015065.png

And they control Palladium

1694208121898.png
 
Platinum could start attracting serious investor attention as record industrial demand pushes the market into a significant deficit this year and extends through 2024, according to the latest research from the World Platinum Investment Council (WPIC).

Tuesday, in its third-quarter trends report, analysts at the council said that the platinum market is on track to see a 1.071-million-ounce deficit this year, driven by growing demand and shrinking supply.

"The forecast deficit for 2023 has increased by 66 koz to 1,071 koz since the Q2'23 Platinum Quarterly in September 2023, and reflects a 3% decline in total supply and a 26% increase in demand versus 2022," the analysts wrote in the report.
...
Click to expand...

www.kitco.com

Solid demand pushes Platinum market to 1.1 million ounce deficit in 2023; shortfall continues in 2024

(Kitco News) - Platinum could start attracting serious investor attention as record industrial demand pushes the market into a significant deficit this year and extends through 2024, according to the latest research from the World Platinum Investment Council (WPIC).
www.kitco.com

Sounds like now is a good time to buy.
 
A good time to load up was about a week ago who SD had randome 1 iz coins for $929. That is the number to shoot for.
I bought some 1 oz gold Krugs for $1919 just prior or would have picked up the platinum.
 
Platinum prices are seeing a solid rally Wednesday as the market faces another major deficit in 2024, according to the latest report from the World Platinum Investment Council (WPIC).

In its fourth-quarter and year-end trends report, the WPIC updated its supply/demand outlook for 2024, and it expects to see a market deficit of 418,000 ounces this year after a record deficit of 878 koz in 2023.

In an interview with Kitco News, Edward Sterck, Director of Research at the WPIC, said two years of significant deficits are taking its toll on above-ground stocks. As those continue to be depleted, prices will be more sensitive to falling supply and robust demand.
...
Click to expand...

More:

 
Platinum will explode when they realize that the excess supply of electric vehicles on dealer lots is going niwhere.
 
nickndfl said:
Platinum will explode when they realize that the excess supply of electric vehicles on dealer lots is going niwhere.
Click to expand...

platinum is more tied to diesel vehicles currently.....as Palladium is more tied to Gas vehicles........these ties are not exclusive just in general ......some of Pts issue vs Pl is that they are finding new ways besides catalysts to scrub diesel exhausts.......and i used the words "currently" and "in general" as they can use either metal to catalyze exhausts it just requires re-engineering

both metals still struggle under geo-political supply uncertainty issues, but feasible recyclability is helping that issue

imo where big future demand could come from is as a hydrogen fuel cell catalyst etc

just a fyi type post
 
Last edited:
The price could explode 3x if South Africa and Russia restricted exports.
 
You must log in or register to reply here.
Back
Top Bottom