Platinum Market Deficit Widens Forecasted Amid Supply Constraints and High Demand
Monday, 13 May 2024, 06:32
Platinum Market Deficit Analysis
The latest report from the World Platinum Investment Council highlights a growing deficit in the platinum market for 2024. The deficit is projected to reach 476,000 ounces, signaling potential shifts in supply and demand dynamics.
Factors Contributing to the Deficit:
- Weak Supply: Challenges in the mining sector have led to limited platinum production, contributing to the widening deficit.
- Resilient Demand: Despite supply constraints, the demand for platinum remains strong, further exacerbating the market imbalance.
The forecasted deficit underscores the importance of monitoring supply chain disruptions and global market trends for platinum investors and industry players.
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.