Demand for PGM (platinum group metals) remains strong, with 57% of platinum used for industrial applications and 43% in the jewellery market. Almost all palladium is used in industrial and medical applications. The platinum price remains close to all-time highs of around $US1390 per oz, with analyst expectations that global demand will continue to exceed supply. There is a steady demand for the other associated PGMs and gold, with a particularly strong demand for chrome.

Source: Johnson Matthey 2006