Wall Street Metals30 Jan, 2024Finance
Platinum is one of the scarcest precious metals. Based on annual mining production, it is 15-20 times scarcer than gold mining. Moreover, in 2023, platinum bars and coins demands have led to a platinum deficit from a surplus in 2021, and 2022, according to World Platinum Investment Council’s Q3 2022 report. Precious metal is one of the best choices for jewelry due to its hardness reaching near hardness or steel, and corrosion resistance. Hence, it is one of the highest-demanded precious metals in the fashion jewelry market.
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