A boom in the Chinese economy could have a major impact on the platinum industry, it has been suggested.

As the Chinese economy has continued to grow at an unprecedented rate in recent years, analysts are now predicting that the country's 1.3 million consumers are set to keep on spending.

Fund manager Bernard Horn told Bloomberg that if such growth continued, platinum producers such as Implats in South Africa could be some of the main beneficiaries.

He suggests that, as the success of the Chinese economy grows, more people in the country will look to buy cars and the need for increasingly green vehicles to keep emissions levels low will result in a greater demand for platinum.

China is already a major consumer of platinum jewellery and as the country's economy continues to expand it seems that such demand will also continue to rise.

The country's platinum jewellery sector is so important to the country that it is thought that Chinese investors are looking to invest in platinum-rich Zimbabwe in an effort to secure its own stocks of the metal.


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