Platinum demand from the electronics and electrical sectors was strong in 2006, rising by 18 per cent to 425,000 oz. continuing rapid expansion in hard disk manufacturing was the most important factor, contributing 245,000 oz.
Demand for platinum from the glass industry increased by 30,000 oz in 2006, reaching 390,000 oz. Most of this growth was seen in Asia, with increases in production capacity for flat screen displays responsible for the bulk of demand.
The petroleum refining industry increased its demand for platinum in 2006 by 35,000 oz to a total of 205,000 oz. With oil prices having risen almost constantly since 2002, refiners have been operating at full capacity, leading to high replacement rates for catalyst charges. There was also significant construction of new plant in South Asia where most of the growth in demand originated.
Source: Platinum 2007, Johnson and Matthey