Platinum perspective | Platinum demand in China's automobile industry is ready to go

China is the largest platinum metal (PGM) consumer market, accounting for more than 30 % of global demand. According to the "Fourteenth Five -Year" plan from 2021 to 2025, China is committed to promoting cleaning, low -carbon energy and energy efficiency to ensure that carbon peaks and carbon neutrality are achieved in 2030 and 2060, respectively. Attribute its unique catalytic attributes and applications in proton exchange membranes (PEM) technology. Platinum metals will be a key resource for China's achievement of macro emission reduction goals. It will further grow.

(This article is an original article of China Gold Network. The content is for reference only, and does not constitute operating suggestions or investment guidelines.)

While planning the ambitious climate change goals, China has also formulated the sustainable development of the New Deal to support the hydrogen fuel cell vehicle (FCEVS) market, which covers the entire hydrogen energy chain including hydrogen refueling, not only provided only provided providing only provided Auto sales subsidy. It is estimated that by 2035, the cumulative sales of hydrogen fuel cell vehicles are expected to reach 1 million vehicles.

The industrial investment of proton exchange membranes is booming in China. British Zhuangxin Wanfeng, one of the leaders of sustainable development of technology, has developed its fuel cell business in China, with the most advanced production line to create an important part of customers in China. As the second largest chemical enterprise in the world, Sinopec has set up long -term strategic goals and hopes to become China's leading hydrogen energy enterprise. The two sides recently reached a cooperation intention to explore the fields of green and blue hydrogen, fuel cells, decarbon technology and circular economy business in China.

UMICORE (Umicore), the world's leading circulating material technology company, is investing in a large -scale fuel cell catalyst factory in Changshu, Jiangsu to obtain a rapidly growing fuel cell technology market. The factory will help China ’s transformation in hydrogen fuel cleaning. At the same time, China ’s first large -scale hydrogen fuel cell passenger car, Changan Deep Blue SL03 fuel cell vehicle, has just been tested and is expected to be available in 2022.

China is still the focus market in the field of platinum demand. Although the Chinese platinum jewelry industry has made difficult innovations under the increasingly fierce competition of the industry's downturn and other precious metal products, due to the upgrade of the automotive exhaust emission standard and the increase in platinum replacement in gasoline vehicle catalysts, the platinum demand of China's automobile industry in the automotive industry It is ready to start (China's unified automobile exhaust emission standards have been implemented since 2020, and the Chinese VI emission standards have been implemented since 2021).

In the early days of this year, the two international giants BASF and Heeli announced the establishment of a joint venture in China to enter the precious metal recycling business of abandoned car catalysts to achieve a more sustainable circular economy. The recycled platinum metals will be used for new products such as automobiles, chemicals, electronics and green hydrogen. Another note is that after the suspension of 15 years, panda platinum coins were issued again in 2022, boosting the platinum investment market.

Shanghai Platinum Week (SPW) officially launched last year. This industry event aims to create an industrial forum to promote international exchanges and cooperation between the platinum metal market and related industries in the fields of technology, investment and business.

The China Material Renewal Association's precious metal industry committee (PMIC), the China Gold Association Platinum Branch (PCCGA) and the World Platinum Investment Association (WPIC) will cooperate again this year, planning to hold 2022 Shanghai Platinum Week from September 4th to 9th. 2022 Shanghai Platinum Week will be held in the East Library of Shanghai Library. Some activities of the Platinum Week Summit will be extended to 10 pm local time in Shanghai to facilitate the participation of participants in other time zones. All meetings will broadcast live and provide Chinese and English interpretation services.

Shanghai Platinum Week (SPW) in 2023 is expected to be held in June.

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