Platinum Market Forecasts Largest Supply Shortfall in a Decade

Thursday, 9 May 2024, 05:57

The platinum market is projected to experience a significant supply deficit as primary supply is set to decrease by 2% year-on-year, while demand remains robust in all industry sectors. According to a recent report by Johnson Matthey, this imbalance signals potential challenges and opportunities for market participants.
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Platinum Market Forecasts Largest Supply Shortfall in a Decade

Platinum Market Supply Forecast

Primary supply of platinum, sourced directly from producers, is expected to decrease by 2% year-on-year to approximately 5.68 million troy ounces.

Demand Trends

Demand for platinum is anticipated to remain strong across various sectors.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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