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ive been watching PT .......finally some priceing under 1k .....pretty rare air here1 oz. Brits $998!
Can it go much lower?
2023 1 oz Platinum Britannia Coin BU (King Charles III)
Buy 2023 1 oz Platinum Britannia coins online from SD Bullion and enjoy fast free shipping. For more information, call us at 1(800)294-8732.sdbullion.com
Yes. It will . . . HOPEFULLY.1 oz. Brits $998!
Can it go much lower?
2023 1 oz Platinum Britannia Coin BU (King Charles III)
Buy 2023 1 oz Platinum Britannia coins online from SD Bullion and enjoy fast free shipping. For more information, call us at 1(800)294-8732.sdbullion.com
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.
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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 itRafi 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.
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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."
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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 conceptsHydrogen vehicles will not need catalytic converters, so that supply can shift.
Hydrogen vehicles will not need catalytic converters, so that supply can shift.
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
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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.
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"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."
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It's going to break when Russia and South Africa cut off supplyvto the west.
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.
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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.
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Platinum will explode when they realize that the excess supply of electric vehicles on dealer lots is going niwhere.
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