全球鉑金行業(yè)市場前景及投資研究報告-外文版培訓課件

INDUSTRIES

&

MARKETSPlatinumindustryworldwideCHAPTER

01OverviewReservesofplatinum-groupmetalsworldwidefrom2010to2023(in1,000metrictons)Platinum-groupmetalreservesworldwide2010-2023807170706969696970605040302010067666666666666201020112012201320142015201620172018201920202021202220233Description:Theglobalreservesofplatinum-groupmetals(PGMs;includingruthenium,rhodium,palladium,osmium,iridium,andplatinum)amountedto71,000metrictonsin2023.Thatrepresentedanincreaseofabout5,000metrictonsincomparisontothetotalworldwidePGMreservesin2010.ReadmoreNote(s):Worldwide;2010to2023Source(s):USGeologicalSurveyReservesofplatinumgroupmetalsworldwidein2023,bycountry(inmetrictons)Platinum-groupmetalreservesworldwide2023,bycountryReservesinmetrictons30,000010,00020,00040,00050,00060,00070,000SouthAfricaRussia63,0005,500ZimbabweUnitedStatesCanada1,2008203104Description:SouthAfricahadplatinumgroupmetal(PGM)reservesamountingtoanestimated63,000metrictonsin2023,whichmadeitbyfarthecountrywiththeleadingPGMreservesworldwide.ReadmoreNote(s):Worldwide;2023Source(s):USGeologicalSurveyTotalglobalplatinumsupplyfrom2005to2024(in1,000ounces)Worldwidesupplyofplatinum2005-20249,0008,2218,2018,1308,0547,8547,7997,7908,0007,0006,0005,0004,0003,0002,0001,00007,6127,3776,7106,2136,154

6,127

6,161

6,1266,0375,7915,6815,3864,9632005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015*

2016

2017

2018

2019

2020

2021

2022

2023

2024*5Description:In2023,theglobalsupplyofplatinumstoodatnearly5.8millionounces,anincreasecomparedtothepreviousyearandin2024itisforecasttoreach5.7millionounces.Platinumisoneoftheleastreactivemetalsintheworldandishighlyresistanttocorrosion.Itisoftenusedasacatalystorasapreciousmetal.ReadmoreNote(s):Worldwide;2005to2024;*Forecast.Figurespriorto2016weretakenfromseveraleditionsoftheGFMSPlatinumandPalladiumSurvey,thelasteditionofwhichisavailablehere.

ReadmoreSource(s):GFMS;JohnsonMatthey;LondonBullionMarketAssociation;ThomsonReutersMineproductionofplatinumworldwidefrom2010to2023(inmetrictons)Globalplatinummineproduction2010-202325019919519219119220015010050189190186183183180174166147020102011201220132014201520162017201820192020202120222023*6Description:Thetotalmineproductionofplatinumworldwideamountedtoanestimated180metrictonsin2023,upfromsome170metrictonsinthepreviousyear.Platinumisasoft,heavy,whitecoloredpreciousmetal.Itismostcommonlyusedincatalyticconvertersforautomobilesaswellasinjewelry.Altogether,theglobaldemandforplatinumin2023wasestimatedat7.5millionounces.ReadmoreNote(s):Worldwide;2010to2023;*EstimateThisstatisticwasassembledusingseveraleditionsofthereport.ReadmoreSource(s):USGeologicalSurveyRecycledplatinumworldwidefrom2010to2023withaforecastfor2024,byformeruse(in1,000ounces)Globalrecycledplatinum2010-2024,byformeruseAutomotiveJewelryElectricalandelectronics2,5002,0001,5001,0005000201020112012201320142015201620172018201920202021202220232024*7Description:In2024,itisexpectedthatabout1.1millionouncesofplatinumwillberecycledfromtheautomotivesectorworldwide.Incomparison,41,000ouncesofplatinumisexpectedtoberecycledfromtheelectronicsindustry,and223,000ouncesofplatinumisexpectedtoberecycledfromjewelryinthatsameyear.ReadmoreNote(s):Worldwide;2010to2023;secondarysupply;*ForecastasofMay2023.Recyclingfiguresrepresentestimatesofthequantityofmetalrecoveredfromopenlooprecyclingfromthejewelry,automotive,andelectronicssectors(i.e.wherethe[...]

ReadmoreSource(s):JohnsonMattheyCHAPTER

02ProductionMineproductionofplatinumworldwidein2021,byregion(inmetrictons)Globalplatinummineproduction2021,byregionProductioninmetrictons020406080100120140160180AfricaEurope156.321.4NorthAmerica&SouthAmerica8.7Asia

0.1Oceania

0.19Description:In2021,Africawastheworld'slargestplatinum-producingregion,withatotaloutputofsome156.3metrictons.SouthAfricaaccountedforthemajorityofthecontinent'sproduction.Europewasthesecond-largestplatinumminingregionworldwidethatyear,withadistant21.4metrictonsproduced.ReadmoreNote(s):Worldwide;2021Source(s):WorldBureauofMetalStatisticsLeadingcountriesbasedonmineproductionofplatinumworldwidein2023(inmetrictons)Globalplatinummineproduction2023,bycountryProductioninmetrictons600204080100120140SouthAfricaRussia12023Zimbabwe19Canada5.5UnitedStatesOthercountries2.94.610Description:SouthAfricaisbyfarthelargestproducerofplatinumintheworld,withproductionamountingtoanestimated120metrictonsin2023.Russiacameinadistantsecondplace,havingproducedsome23metrictonsthatsameyear.Meanwhile,platinummineproductionintheUnitedStateshasexperiencedadeclineinrecentyears,plummetingtoabout2.9metrictonsin2023.ReadmoreNote(s):Worldwide;2023Source(s):USGeologicalSurveyMineproductionofplatinuminSouthAfricafrom2010to2023(inmetrictons)PlatinummineproductioninSouthAfrica2010-20231601481451431421371401201008013313313112512412012011294604020020102011201220132014201520162017201820192020202120222023*11Description:In2023,mineproductionofplatinuminSouthAfricatotaledanestimated120metrictons.SouthAfricaistheworld'sleadingplatinumproducingcountry.ReadmoreNote(s):SouthAfrica;2010to2023;*EstimateThisstatisticwasassembledusingseveraleditionsofthereport.ReadmoreSource(s):USGeologicalSurveyMineproductionofplatinuminRussiafrom2010to2023(inmetrictons)PlatinummineproductioninRussia2010-20233025.525.12524.62425201510523232323222221.8212002010201120122013201420152016201720182019202020212022*2023*12Description:Russiaproducedanestimated23metrictonsofplatinumin2023.Inthepastthreeyears,themineproductionofthatpreciousmetalhasdecreasedinthecountry.Russiaisthesecond-leadingplatinumproducerintheworldafterSouthAfrica.

ReadmoreNote(s):Russia;2010to2023;*Estimate.Thestatisticwasassembledusingseveraleditionsofthereport.ReadmoreSource(s):USGeologicalSurveyPlatinummineproductioninZimbabwefrom2012to2021(inmetrictons)PlatinummineproductioninZimbabwe2012-20211615.11514.714.714.313.9141210813.112.612.510.56420201220132014201520162017201820192020202113Description:Zimbabweproducednearly15metrictonsofplatinumin2021.Comparedtomostofthepreviousyearsobserved,thisrepresentedanincreaseinproduction.ThecountryisaleadingproducerofplatinuminAfricaandworldwide.

ReadmoreNote(s):Zimbabwe;2012to2021;recoverableplatinumcontentoforesandconcentratesproducedSource(s):WorldBureauofMetalStatisticsLeadingplatinumminesworldwidein2022,basedonproduction(in1,000ounces)Globalleadingplatinumminesin2022,basedonoutputProductionvolumeinthousandounces0100200300400500600700800ImpalaMine(SouthAfrica,ImpalaPlatinumHoldings)667.42MarikanaMine*(SouthAfrica,SibanyeStillwater)MogalakwenaMine(SouthAfrica,AngloAmerican)440.76430.2KolaMMCMine(Russia,NorNickel)363.57358.19349.6RustenburgComplex(SouthAfrica,SibanyeStillwater)AmandelbultMine(SouthAfrica,AngloAmerican)ZimplatsMine(Zimbabwe,ImpalaPlatinumHoldings)KroondalMine(SouthAfrica,AngloAmerican)266.57240Bafokeng-RasimonePlatinumMine(SouthAfrica,RoyalBafokengPlatinum)BooysendalSouthMine(SouthAfrica,NorthamPlatinumHoldings)160.6149.1214Description:ImpalaMine,anundergroundminelocatedinNorthWest,SouthAfrica,wastheworld'sleadingplatinumminein2022basedonproductionvolume.OwnedbyImpalaPlatinum,theImpalaMineproduced667,420troyouncesofplatinumthatyear.ImpalaPlatinumownedtwooftheworlds10largestplatinumminesbasedonoutputin2022.ReadmoreNote(s):Worldwide;2022;*MarikanaMine(Lonmin).ReadmoreSource(s):GlobalData;MiningTechnologyProductionvolumeofplatinumworldwidein2022,bypoliticalstabilityofproducercountries(inmetrictons)Productionvolumeofplatinumglobally2022,bypoliticalstabilityofproducers20018016014012010080173.1860402009.84Fair00StableUnstableExtremelyunstable15Description:In2022,countriesclassifiedaspoliticallyunstableaccountedforthelargestshareofglobalplatinumproduction.Thatyear,platinumproductioninpoliticallyunstablecountriesamountedto173.2metrictons.Incomparison,nearlytenmetrictonsofplatinumwereproducedbyfairlypoliticallystablecountries.ReadmoreNote(s):Worldwide;2022Source(s):BMLRT(?sterreich)CHAPTER

03TradeLeadingplatinumexportingcountriesworldwidein2022,basedonvalue(inbillionU.S.dollars)Leadingglobalplatinumexportingcountries2022,basedonvalueExportsinbillionU.S.dollars024681012141618SouthAfricaUnitedStatesUnitedKingdomRussia16.7109.57.2Germany7Belgium5.14.8ItalyHongKongJapan3.12.2SwitzerlandUnitedArabEmiratesSouthKoreaNorway21.20.90.56TaiwanCanada0.490.3917Description:SouthAfricawasthelargestexporterofplatinumworldwidein2022,withexportsamountingto16.7billionU.S.dollars.Inthatyear,theUnitedStatesrankedsecond,withanexportvalueamountingto10billionU.S.dollars.ReadmoreNote(s):Worldwide;2022Source(s):CIA;Forbes;TradeMap;WTExDistributionofplatinumexportsworldwidein2022,bycountryShareofglobalplatinumexports2022,bycountryShareofexports0%5%10%15%20%25%SouthAfricaUnitedStatesUnitedKingdomRussia23.1%13.8%13.1%9.9%9.7%GermanyBelgium7%6.6%ItalyHongKongJapanSwitzerlandUnitedArabEmiratesSouthKoreaNorway4.2%3.1%2.7%1.7%1.2%0.8%18/statistics/1175510/distribution-platinum-exports-by-country-globallyIn2022,15countriesaccountedforapproximately98percentoftheworld'splatinumexportsbasedonvalue.SouthAfricaaccountedforthelargestvalue-basedshareofglobalplatinumexportsin2022,withsome23percentofthetotalexportvalue.ReadmoreNote(s):Worldwide;2022Source(s):CIA;Forbes;TradeMap;WTExCHAPTER

04DemandDemandforplatinumworldwidefrom2005to2024(in1,000ounces)Globaldemandforplatinum2005-20249,0008,4828,0137,942

7,9637,9277,889

7,8877,7228,0007,0006,0005,0004,0003,0002,0001,00007,6627,634

7,5927,609

7,6147,4707,3477,2767,1976,7766,7786,3412005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018*

2019

2020

2021

2022

2023

2024**20Description:In2024,thegrossglobaldemandforplatinumisestimatedtobearound7.6millionounces.Platinumisoneoftheleastreactivemetalsintheworldandishighlyresistanttocorrosion.Itisoftenusedasacatalystorasapreciousmetal.

ReadmoreNote(s):Worldwide;2005to2024;*Figurespriorto2019weretakenfromseveraleditionsoftheGFMSPlatinumandPalladiumSurvey,thelasteditionofwhichisavailablehere.**Forecast.

ReadmoreSource(s):GFMS;JohnsonMatthey;LondonBullionMarketAssociation;ThomsonReutersDistributionofplatinumdemandworldwidein2024,byendusesectorGlobalplatinumdemand2024,byenduseShareofdemand0%5%10%15%20%25%30%35%40%45%50%AutomotiveJewelry43.32%17.64%Glass9.47%8.44%7.03%ChemicalOtherapplicationsPollutioncontrolDental&biomedicalElectrical&electronicsPetroleum3.66%3.59%2.9%2.36%21Description:Automotiveapplicationsareexpectedtoaccountfora43percentshareoftheglobaldemandforplatinumin2024.Incomparison,platinumdemandforjewelryisexpectedtoaccountforan17.6percentshareoftheglobalplatinumdemandinthesameyear.ReadmoreNote(s):Worldwide;2024Source(s):JohnsonMattheyConsumptionofplatinumworldwidein2022,byregion(inmetrictons)Globalplatinumconsumption2022,byregion75.148.635.435.426.5ChinaEuropeNorthAmericaJapanOthercountries22Description:In2022,Chinawastheworld'slargestplatinumconsumer,withaconsumptionofapproximately75.1metrictons.Europewasthesecondleadingplatinumconsumingregionthatyear,withaconsumptionofaround48.6metrictons.

ReadmoreNote(s):Worldwide;2022Source(s):NorilskNickelDistributionofplatinumconsumptionworldwidein2022,byregionGlobalplatinumconsumptiondistribution2022,byregionOthercountries16%China34%Japan12%Europe22%NorthAmerica16%23Description:Asof2022,Chinawastheworld'slargestplatinumconsumingregion,accountingfora34percentshareoftheplatinumconsumedworldwide.Inthatyear,EuropeandNorthAmericawererankedsecondandthird,respectively.

ReadmoreNote(s):Worldwide;2022Source(s):NorilskNickelConsumptionofplatinumworldwidein2022,byindustry(inmetrictons)Globalplatinumconsumption2022,byindustry10088.4908070605040302010055.2544.219.898.844.42ExhausttreatmentsystemsJewelryChemicalcatalystsGlassproductionElectronicsOtherapplications24Description:In2021,exhausttreatmentsystemswastheleadingplatinumconsumingapplicationworldwide,consuming80.64metrictonsofplatinum.Thejewelryindustrywastheworld'ssecondlargestplatinumconsumingsector,accountingforapproximately58.2metrictonsoftheplatinumconsumedworldwideinthatyear.ReadmoreNote(s):Worldwide;2022Source(s):NorilskNickelCHAPTER

05CompaniesDistributionofplatinumproductionworldwidein2022,bycompanyDistributionofplatinumproductionworldwidebyproducer2022OtherMMC5%NorthamPlatinum9%AngloAmericanPlatinum31%Nornickel12%SibanyeStillwater20%ImpalaPlatinum23%26/statistics/692745/distribution-of-global-platinum-production-by-producerIn2022,AngloAmericanPlatinumaccountedforsome31percentoftheplatinumproducedworldwide,makingittheworld'sleadingproducerofthepreciousmetal.ImpalaPlatinumrankedsecond,witha23percentshareofglobalplatinumproduction.ReadmoreNote(s):Worldwide;2022Source(s):NorilskNickel;Varioussources(Companydata)PlatinumproductionofAngloAmericanPlatinumfrom2012to2023(in1,000ounces)AngloAmericanPlatinum'sproductionofplatinum2012-20235,0004,5004,0003,5003,0004,4413,8092,3822,3972,4002,3202,3372,5002,0001,5001,0005002,2202,0211,87020141,78320221,749202302012201320152016201720182019*2020*202127Description:In2023,AngloAmericanPlatinumproduced1.75millionouncesofplatinum.AngloAmericanPlatinumistheworld'slargestplatinumproducingcompany,andisalsoaleadingproducerofotherplatinumgroupmetals(PGMs)suchaspalladiumandrhodium.ReadmoreNote(s):LAC;2012to2023;*Productionofplatinumgroupmetals.ProductiondisclosurehasbeenamendedtoreflectAngloAmerican'sownmineproductionandpurchasesofmetalinconcentrateinordertokeepwithindustrybenchmarks.This[...]

ReadmoreSource(s):AngloAmericanplcNorilskNickel'splatinumproductionfrom2010to2023(in1,000troyounces)NorilskNickel'splatinumproduction2010-202380069069170060050040030020010006716646636606606516426416276266226222010201120122013201420152016201720182019202020212022202328Description:In2023,NorilskNickel(alsoknownasNornickel)produced664,000troyouncesofplatinum.ReadmoreNote(s):Worldwide;2010to2023Source(s):NorilskNickelCHAPTER

06PriceAverageglobalplatinumclosingpricefrom2016to2024(inU.S.dollarspertroyounce)Averageplatinumprice2016-20241,2001,0899899659581,0008006004002000950925893882868201620172018201920202021202220232024*30Description:AsofJanuary31,2024,theaverageplatinumpricedecreasedtoaround925U.S.dollarspertroyounce,andecreaseof40U.S.dollarscomparedtothe2023averageprice.In2021,platinumsoldatapproximately1089U.S.dollarspertroyounce,ayear-on-yearriseofcloseto22percent.Platinumisapreciousmetalcommoditywhichisusedinjewelryandautocatalystmanufacturing.ReadmoreNote(s):Worldwide;2016to2024;*AsofJanuary312024FigureshavebeenroundedtothenearestU.S.dollar.ReadmoreSource(s):MacrotrendsMonthlypricesforplatinumworldwidefromJanuary2014toJanuary2024(innominalU.S.dollarspertroyounce)Monthlypricesforplatinumworldwide