South Africa Platinum Market

platinum is an essential and highly sought after metal in south africa and the world. with its unique chemical and physical properties, it has proven to be one of the most beneficial metals for a variety of industrial and consumer applications. despite an overall turbulent global economy, the south african platinum market has consistently experienced positive growth, particularly over the past decade. various developments in the exchange of platinum, including the growth of etfs, primary mining investments, hedging and speculative practices, have contributed to the positive outlook for the market. in 2018, the market was shown to be increasing with an estimated 1.7 million ounces of production, while the demand for the metal continued grow. recent political reform in south africa also had a positive effect on the outlook of the market. a significant reduction in corporate taxes and higher investment projects attracted more global money towards south african assets, which in turn boosted demand. this is expected to have a positive effect over the next decade plus, as more investment and growth projects sprout up. an additional contributing factor to the positive outlook for the market is the expectation that metal prices will remain stable in the long term. this will allow south africa to continue to benefit from increased trade and a more efficient production rate. the predicted growth in the mining industry is also an indication of the potential for long-term success. it is predicted that by 2032, south africa will continue to have one of the largest platinum markets in the world. there will be an increased emphasis on the sustainable use of resources and a focus on the development of increased environmental protection standards. this is expected to help the outlook of the platinum market, as there will be greater stability and confidence in the industry. with the continued growth of etfs and other investment activities, the future south african platinum market looks set to remain strong.