2024 platinum market deficit forecast to exceed one million ounces
Supply forecast to weaken further, falling 1% to 7,089 koz in 2024, 6% below the 5-year average, while total demand now expected to grow 3% to 8,118 koz Investment demand of 517 koz forecast for the year, …
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READ MORESeptember 10, 2024
2024 platinum market deficit forecast revised upwards to 476 koz, as weaker supply outstripped by sustained automotive and industrial demand
Total platinum supply in Q1’24 was the second lowest in our time series, with full year 2024 also forecast to be a near-record low Automotive demand at a seven-year high in both Q1’24 and forecast …
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READ MOREMay 13, 2024
Consecutive platinum market deficits: 418 koz expected in 2024 following 878 koz in 2023
Platinum demand surged 25% in 2023 and will remain robust in 2024 Near record low platinum supply levels in 2023 will decrease another 1% in 2024 Automotive demand rose 16% in 2023, set to grow …
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READ MOREMarch 8, 2024
Platinum deficit forecast for 2023 now over 1 million ounces on strong automotive and industrial demand growth and flat supply
Total demand expected to increase 27% in 2023, while total supply will be flat Automotive recovery will see 2023 demand up 13% (+381 koz), driven by greater-than-expected vehicle production, increased substitution and higher loadings Capacity expansions …
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READ MORESeptember 8, 2023
Platinum deficit of 303 koz forecast in 2023 as 2022 surplus reduces
Platinum deficit forecast for 2023 as demand to grow by 19%, while supply by just 2% Downward revision of surplus forecast in 2022 by 17% Automotive demand continues upward trajectory; up 12% in 2022 and …
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READ MORENovember 22, 2022
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