- The global demand for platinum jewelry is experiencing a notable resurgence, with China leading the charge.
- Forecasts indicate that total platinum supply in 2025 will be the lowest in five years.
- Platinum Group Metals is strategically advancing its Waterberg Project, a bulk underground platinum, palladium, rhodium and gold deposit located in South Africa.
In 2025, platinum is experiencing a renaissance in the global jewelry market, driven by a surge in consumer interest, particularly in China (https://ibn.fm/GWs1J). This uptick in demand is not only revitalizing the jewelry sector but is also influencing the broader platinum market, affecting supply dynamics and pricing. Platinum Group Metals (NYSE American: PLG) (TSX: PTM) is strategically positioned to capitalize on this resurgence. The company is advancing its Waterberg Project in South Africa, a significant platinum group metals (“PGM”) deposit, and exploring new technologies to enhance the utilization of PGMs in various applications (https://ibn.fm/HcEEm).
The global demand for platinum jewelry is experiencing a notable resurgence, with China leading the charge. In the first quarter of 2025, Chinese platinum jewelry fabrication rose by 26% year-on-year, supported by platinum’s discount relative to gold prices. This trend is expected to continue, with global platinum jewelry demand projected to increase by 5% to 2.1 million ounces in 2025. This revival is attributed to several factors, including platinum’s relative affordability compared to gold and its appeal as a durable and hypoallergenic material.
The resurgence in platinum jewelry demand is contributing to a tightening global supply (https://ibn.fm/6izBw). Forecasts indicate that total platinum supply in 2025 will be the lowest in five years, declining by 4% to 6,999 thousand ounces. This supply deficit is further exacerbated by resilient automotive demand and robust investment interest, particularly in China. In April 2025, China recorded platinum imports of 6.2 tonnes, the highest monthly volume since March 2024, indicating strengthening interest from both industrial users and investors.
Platinum Group Metals is strategically advancing its Waterberg Project, a bulk underground platinum, palladium, rhodium and gold deposit located in South Africa. The project is notable for its shallow nature, facilitating fully mechanized production with the potential to have among the lowest operating costs in the PGM sector. The company is also exploring the establishment of a standalone PGM smelter and base metal refinery, in collaboration with Ajlan and the Ministry of Investment of Saudi Arabia, as part of a global supply chain resilience initiative (https://ibn.fm/iHq4b).
In addition to its mining endeavors, Platinum Group Metals Ltd. is focused on developing new technologies that leverage the unique properties of PGMs. The company has entered into a partnership with Valterra Platinum to accelerate the development of next-generation battery technology using platinum and palladium (https://ibn.fm/pnEFl). This initiative aligns with the growing interest in sustainable energy solutions and positions the company at the forefront of innovation in the PGM sector.
As the global demand for platinum continues to rise, Platinum Group Metals is well positioned to capitalize on these market dynamics. Through strategic advancements in mining operations and technological innovations, the company aims to help meet the increasing demand for platinum and contribute to the development of sustainable applications for PGMs.
For more information, visit www.PlatinumGroupMetals.net.
NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG
