Platinum deficit worsens beyond forecast, World Platinum Investment Council reports
The platinum market recorded a deficit of 995 000 oz for full year 2024, which is 46% higher than previously forecast, as total demand exceeded eight-million ounces for the first time since 2019 compared with supply at 7 293 000 oz. (Also watch attached Creamer Media video.) Investment demand rose by a whopping 77% year-on-year to 702 000 oz amid above-ground stocks sinking down to below four months of reliability.
The platinum market recorded a deficit of 995 000 oz for full year 2024, which is 46% higher than previously forecast, as total demand exceeded eight-million ounces for the first time since 2019 compared with supply at 7 293 000 oz. (Also watch attached Creamer Media video.) Investment demand rose by a whopping 77% year-on-year to 702 000 oz amid above-ground stocks sinking down to below four months of reliability.
