Demand for platinum jewellery in China will double to record levels this year, according to Johnson Matthey, the precious metals refiner, which released its latest review of the platinum and palladium markets on Tuesday.
Lower platinum prices have reignited buying interest in China’s jewellery sector with net demand forecast to rise 106 per cent to 1.75m ounces this year as wholesalers restocked and attractive profit margins drew new retailers into the market.
