South Africa is gearing up for the upcoming Shanghai Platinum Week 2024, with a strong contingent of South African miners set to make their mark at the event. The event, scheduled from July 8 to 11, comes at a time when the demand for platinum group metals (PGM) applications in China is soaring, making access to the Chinese market crucial for South Africa.
Minerals Council South Africa VP Paul Dunne, who is also the CEO of Northam Platinum, emphasized the importance of South Africa’s presence at the Shanghai event. He highlighted that the focus at the event will not only be on platinum but also on hydrogen metals, showcasing South Africa’s expertise in these areas.
The event will serve as a platform for South Africa to strengthen its ties with China, the world’s largest PGM consumer. With South Africa being the largest PGM supplier, the event holds immense potential for collaboration and growth opportunities for both countries.
The Shanghai Platinum Week will feature discussions on green hydrogen, the semiconductor industry, and the extended-range electric vehicle segment, shedding light on the evolving landscape of PGM applications. Chinese investors are increasingly viewing platinum as a valuable investment option, signaling a shift in the perception of PGMs in the Chinese market.
The event will not only provide insights into China’s PGM market but also facilitate interactions with Chinese policymakers and key industry players. With the event attracting a diverse range of participants, including financial institutions, industrial organizations, and recycling companies, it is poised to drive innovation and collaboration in the PGM sector.
As South Africa positions itself for a crucial new growth phase, its participation at the Shanghai Platinum Week signals its commitment to navigating the dynamic global PGM landscape and seizing new opportunities for growth and development.
