The Shanghai Platinum Week 2024 is set to be a pivotal event in the global platinum industry, with China’s rising demand for platinum applications taking center stage. Scheduled for July 8 to 11, the event comes at a crucial time as China solidifies its position as the world’s largest user of platinum group metals (PGMs).
According to World Platinum Investment Council (WPIC) CEO Trevor Raymond, China’s focus on decarbonization and its booming vehicle manufacturing industry highlight the country’s importance in the platinum market. With over 1,200 in-person delegates and 180,000 online attendees expected, the event aims to provide insight into China’s growing role in the PGM industry.
One key theme of the conference will be the increasing use of PGMs in hydrogen technology and extended-range electric vehicles. As the demand for environmentally friendly transportation grows, the reliance on PGMs for exhaust treatment systems in these vehicles is set to increase.
Additionally, the Shanghai Platinum Week will showcase the potential for platinum as an investment option for Chinese savers, especially in light of the country’s commitment to global decarbonization. With China lacking its own platinum mines, the presence of platinum on Chinese soil is seen as a strategic move to support both industrial and investment demand for the metal.
Overall, the Shanghai Platinum Week promises to be a pivotal moment for the global PGM industry, with participants eagerly anticipating the insights, networking opportunities, and potential partnerships that will emerge from this prestigious event.
