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Platinum demand from the automotive sector 'will remain firm' in 2018

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Overall demand for platinum is forecast to increase by 2% in 2018 compared to the full year 2017, according to new data released by the World Platinum Investment Council. Supply, on the other hand, is said to fall by 1% next year.

After a tough 2017, industrial demand is expected to rebound by 9% in 2018, largely driven by increasing demand from the petroleum and glass sectors.

Meanwhile, global automotive demand is expected to remain largely stable, down around 1% over 2017.

Recycling supply is predicted to increase by 2%, although analysts warn that the ‘increasing complexity’ of autocatalysts is making recovery of the metal more tough.

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