platinum China 2023 China imported more than 1.2 million ounces of platinum in 2022 what does this means for 2023
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
In interviews with Kitco News throughout the year, WPIC CEO Trevor Raymond has described the Chinese platinum market as a black hole of information. The WPIC noted that Chinese platinum imports have absorbed surpluses from 2021 and 2022. Last month the WPIC said that they expect to see a platinum surplus of 804,000 ounces for this year.
The WPIC has suspected that Chinese automakers have been increasing the amount of platinum used in their catalytic converters to further reduce emissions to meet tighter government regulations.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OPEC sticks to oil demand growth forecasts for 2022, 2023 after several downgradesOPEC said on Tuesday that while economic slowdown was ‘quite evident,’ there was potential upside such as from a relaxation of China’s zero-COVID policy
Read more »
The best winter jackets by temperature for 2022 (and heading into 2023)Find the best winter outerwear from coats that can laugh at the Arctic to jackets that are perfect to slip on while running to the car
Read more »
The best winter jackets by temperature for 2022 (and heading into 2023)Find the best winter outerwear from coats that can laugh at the Arctic to jackets that are perfect to slip on while running to the car
Read more »
The best winter jackets by temperature for 2022 (and heading into 2023)Find the best winter outerwear from coats that can laugh at the Arctic to jackets that are perfect to slip on while running to the car
Read more »
The best winter jackets by temperature for 2022 (and heading into 2023)Find the best winter outerwear from coats that can laugh at the Arctic to jackets that are perfect to slip on while running to the car
Read more »
China imported more than 1.2 million ounces of platinum in 2022 what does this means for 2023Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »