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Institutional investors planning to up platinum exposure with prices at six-year high – survey

Wed Feb 24 2021


Many big investors are planning to dramatically increase their exposure to platinum this year, according to a new survey.


The price of the silvery-white metal recently topped US$12,000 for the first time since early 2015 on the back of growing industrial demand and concerns around shortages.


Roughly 49% of institutional investors and wealth managers expect to step up their exposure to platinum this year, and a further 37% anticipate seeing a slight increase, according to a study commissioned by Global Palladium Fund (GPF).


“Platinum is a key industrial metal, and its price has been rising on growing demand as hopes of a sharp economic recovery increase,” said Alexander Stoyanov, chief executive officer of GPF.


“It also has a very important role to play in the future hydrogen economy thanks to its unique hydrogen-absorbing properties, and as an essential metal for cleaning toxins from the environment. All of this makes platinum an increasingly attractive option for investors.”


GPF has recently listed a physically-backed metal exchange traded commodities (ETCs) that tracks the spot price of platinum, which is distributed and marketed by NTree International Ltd.


The survey, carried out by market research company Pureprofile, included online interviews with 50 institutional investors and 50 wealth managers across the UK and Germany in January 2021.