Global Platinum Recycling may hit 2,110 Kilo Ounce in 2015: WPIC

UNITED KINGDOM May 18 2015 2:25 PM

LONDON (Scrap Register): Global platinum recycling is forecast to reach 2,110 kilo ounce during this year, representing annual growth of 3%, which is a similar pace to 2014, as per latest figures from World Platinum Investment Council.

According to WPIC, jewellery recycling is expected to fall by 6% to an estimated 725 kilo ounce as lower prices are currently discouraging the return of pieces.

However, auto catalyst recycling is estimated to increase by 10% to 1,380 kilo ounce, easing modestly from the 12% growth rate seen last year .

The majority of the growth will come from Europe where increased numbers of platinum - loaded diesel catalysts are returning to the market. Recycling should also be lifted by the return of material not collected in H 2 ’ 14 when the price fell significantly .