Platinum ETFs, ETNs May Shine on Metal's Demand

Increases in investment demand, a recovery in automotive sales and further tightening of emission standards paint a positive picture for the demand of platinum which is expected to support prices of the metal.

Industrial demand for platinum is expected to increase because of its versatility as economies around the world continue to grow. Platinum plays a significant role in electronics in that it is used in the production of hard disk drive coatings and fiber optic cables. As demand for personal computers remains elevated around the world and is expected to further increase as personal incomes rises in developing countries, demand for platinum will likely see positive support.