The World Platinum Investment Council (WPIC) forecasts a deeper global platinum deficit in 2024 due to lower supply from mines in South Africa and Russia. The deficit is expected to be 476,000 ounces this year, driven by a shortage in platinum supply and increased demand for autocatalysts.
There's an actual supply squeeze developing in platinum, like copper, which could drive the rally further from current levels https://t.co/xOyA3yScR7
The WPIC has lifted its 2024 #platinum supply shortfall to 476koz. However, in the last three weeks alone platinum-backed ETFs have seen inflows of 285 koz, and if maintained it will support an even bigger deficit https://t.co/WG9dxo3saf via @ft
Platinum supply shortfall could drive price rally - FT
Platinum’s Shortage to Persist as EV Slowdown Fuels Demand WPIC forecasts a deficit of 476,000 ounces this year Platinum autocatalyst use hit highest since 2017 last quarter https://t.co/3yd2niwbb5
Weaker supply will drive platinum deficit higher than expected in 2024, WPIC says https://t.co/TnD5tM9G4K
Platinum will remain in a shortage this year as a slowdown in the EV boom supports demand for autocatalysts, according to the World Platinum Investment Council https://t.co/Pyws4k71qc
⚠️ WEAKER SUPPLY WILL DRIVE PLATINUM DEFICIT HIGHER THAN EXPECTED IN 2024, WPIC SAYS Full Story → https://t.co/b2lYme22rE The global platinum deficit in 2024 will be deeper than previously expected due to lower supply from mines in South Africa and Russia, the World Platinum… https://t.co/htZLjf4s2s
Why the global platinum is headed for a second straight yearly deficit https://t.co/R13rU71ncL