Platinum Market Deficit Forecast Widens on Weak Supply, Sustained Demand
The precious metal is now forecast for a market deficit of 476,000 ounces in 2024 amid strained supply from the mining sector and resilient demand, according to a new report from the World Platinum Investment Council.
Weaker supply will drive platinum deficit higher than expected in 2024, WPIC says
The global platinum deficit in 2024 will be deeper than previously expected due to lower supply from mines in South Africa and Russia, the World Platinum Investment Council (WPIC) said on Monday. 's deficit of 476,
Platinum supply shortfall could drive price rally, says industry body
Report shows second year of deficit as miner Anglo American rejects rival BHP’s offer that includes plan to spin off platinum assets
Platinum's Price Expected To Rally As Supply Deficit Worsens
Commodities traders are expecting the price of %Platinum to rally after the World Platinum Investment Council forecast that global supplies of the industrial metal will remain in deficit. According to the council's latest report,
2024 platinum market deficit forecast revised upwards to 476 koz, as weaker supply outstripped by sustained automotive and industrial demand
The World Platinum Investment Council - WPIC® - today publishes its Platinum Quarterly for the first quarter of 2024 and a revised full year 2024 forecast.
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