Platinum Market Expects Consecutive Years of Deficits

The latest report from the World Platinum Investment Council (WPIC) contains revised estimates for platinum supply/demand balances in the years 2024 to 2027. Since the previous two- to five-year supply/demand update, both total supply and total demand forecasts have been reduced. The net result is that the platinum market continues to expect a trend of consecutive deficits from 2024 to 2027. It is now expecting deeper deficits on average, at 8.3% of supply, versus 7.0% of supply previously.

For the avoidance of doubt, all estimates for 2024 to 2027 included in this report are WPIC forecasts, apart from mine supply which is based upon publicly published company guidance.

Read the full report here.