GFMS PLATINUM GROUP METALS SURVEY 2019世界铂金年鉴2019
1. Summary and Price Outlook 5
• Platinum in 2018 6 • Palladium in 2018 7 • Outlook 9
2. PGM Prices 10
• Platinum & Palladium 10 • Rhodium 11
3. Investment 13
• Commodity Exchanges 13 • Retail Investment 14
4. Supply 17
• Mine Production 18 • Production costs 21 Autocatalyst Recycling 22
• Jewellery Scrap Supply 24 • Above-Ground Bullion Stocks 24
5. Demand 27
• Autocatalyst Demand 28 • Fuel Cells 34 • Jewellery 36 • Dental 41 • Electronics 41
• Glass 43 • Chemical 44 • Petroleum 45
6. Appendices 47
• Appendix 1 - Platinum Supply and Demand (ounces)
• Appendix 2 - Palladium Supply and Demand (ounces)
• Appendix 3 - Platinum Supply and Demand (tonnes)
• Appendix 4 - Palladium Supply and Demand (tonnes)
FOCUS BOXES
• Ruthenium and Iridium Prices 11
• Platinum and Palladium Price Correlations 12
• Platinum, Palladium and Rhodium Exchange Traded Funds 15
