Sweden Platinum Market

the swedish platinum market is expected to remain stable well into the coming years with strong underlying fundamentals in place, supporting any potential outlook for platinum prices. key factors such as continued economic growth, increasing industrial demand and the rise of the automotive sector are expected to support prices for the precious metal. the swedish economy has shown strong growth in recent times with gdp expected to grow by 2.3% in 2018, an increase on the preceding year. this has been boosted in part by increased public expenditure and consumption. similarly, investment continues to remain strong, albeit with slightly decreasing levels from the previous year. on the industrial front, manufacturers and users such as chemical companies are expected to benefit from the strong growth in the domestic economy, all of which should further support demand for platinum. the recent announcement of a super-alloy deal with japanese company sumitomo points to potential further increases in the industrial usage of platinum in the years to come. within the automotive sector, the swedish government have recently invested in further automotive regulations to reduce emissions, requiring platinum components in automotive catalytic converters. this emphasis on cleaner technologies and regulations should support demand for platinum in the years to come, offering a potential boon for the swedish platinum market. looking ahead into the potential for the next fifteen years, the outlook is certainly positive for the swedish platinum market. continued economic growth and investment, a strong industrial sector and advancements in the automotive sector will all be favorable towards platinum demand. platinum continues to be a pivotal commodity in many industries, and nothing points towards this slowing down in the long term outlook for the swedish platinum market.