Global platinum market on observe to put up largest provide deficit on report

The international provide of platinum is predicted to considerably fall in need of demand this 12 months, with the World Platinum Investment Council forecasting a report deficit, together with an increase in industrial demand to an all-time excessive.

The international platinum market is predicted to put up a deficit of 1.071 million ounces for 2023, with complete year-on-year demand development of 26% to eight.150 million ounces, whereas provide is seen down by 3% year-over-year to 7.079 million ounces, based on a quarterly report the World Platinum Investment Council (WPIC)…

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