GCC Platinum Market

the gcc platinum market outlook (2018 to 2032) paints a positive picture for the region. in the next 14 years, the increasing demand for the metal and its rising prices will create strong investment opportunities in the region. the newly minted contracts of the dubai mercantile exchange (dme), along with the u.s. and uk-based exchanges for the physical platinum market, will continue to propel the platinum industry in the region forward. the demand for platinum in the gcc is rising. this is due to the increasing demand of luxury and jewelry items made from platinum, as well as its importance in various industrial activities. platinum’s inherent characteristics, such as its resistance to corrosion, its malleability and its ability to form strong alloys, make it the ideal metal for many applications. with its white color, it also makes luxurious jewelry pieces and is often referred to as the “king of metals”. the regional prospects are further supported by a number of ongoing projects within the gcc region, ranging from medical, to auto and aerospace, to energy. all of these industries use platinum as a key component, ensuring a continued demand in the coming years. in terms of pricing, the situation is positive as well. with increasing demand, platinum supplies have been shrinking, while global industrial demand for the metal is also on the rise. inflation, along with global economic reforms in the region, are further anticipated to support prices throughout the outlook period. so far, regional analysts have highlighted that the outlook for platinum investment is positive. with its two-pronged retail and industrial use, prices are expected to continue to rise over the next 14 years. as a result, potential investors should look carefully at the opportunities presented by the gcc platinum market.