[power shortage in South Africa limits platinum supply global platinum may be in serious shortage] May 16, the latest research report by the World Platinum Investment Association points out that there may be a serious shortage of platinum in the world this year. Although from a macro point of view, 2023 will face an uncertain interest rate environment, banking turmoil, inflation and other adverse factors, the latest report of the World Platinum Investment Association points out that there may be a serious shortage in the platinum market this year, with a gap of 983000 ounces, an increase of 77 per cent compared with the agency's forecast in March. There are two main sources of platinum supply, one is mineral, the other is recycling. Among them, mineral supply is mainly concentrated in South Africa, accounting for about 70% of the global platinum supply, but this year's power shortage in South Africa has seriously limited platinum mining and refining. In the first quarter of this year, platinum production in South Africa fell 14 per cent from a year earlier. At the same time, the global recovery of platinum also remained depressed, down 12% from the same period last year. On the demand side, the demand for platinum mainly comes from four areas: automotive, industry, jewelry and investment. Among them, demand in the automotive and industrial sectors has seen strong growth. According to the World Platinum Investment Association, 2023 is expected to be a record year for platinum demand in the industrial sector, with a year-on-year increase of 17 per cent, mainly due to increased use of platinum in the glass and healthcare sectors. (CCTV Finance)