Fri, 11/20/2009 - 15:19
China's platinum outlook remains positive - Johnson Matthey plc
by Li Chunlan
Interfax spoke with United Kingdom-based supplier and user of platinum Johnson Matthey plc regarding the company's outlook on Chinese platinum demand for the remainder of 2009 and 2010.
"The majority of China's platinum demand is attributed to the jewelry making industry, which grew by an incredible 105.88 percent in 2009, year-on-year. Chinese jewelry makers and retailers built up large platinum stocks when platinum prices were low earlier in the year" - Peter Duncan of Johnson Matthey plc
- Peter Duncan (left) and Terry Harris
Shanghai. November 20. INTERFAX-CHINA - China was the world's largest platinum consumer in 2009, and has played a pivotal role in helping to support the international platinum price. However, China's consumption of the precious metal is expected to slide in the coming months, as a result of slowing jewelry demand, according to representatives of Johnson Matthey plc.
