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Amid headwinds Platinum deficit of 353 koz in 2024! Recently, World Platinum Investment Council (WPIC), published Platinum Quarterly data set, which examines activity in the third quarter of 2023. It also includes a revised estimate for full-year 2023 and a first forecast for 2024. Independent analysis is provided by our research partner, Metals Focus.      The Foreword to the report provides an overview of supply and demand developments in the platinum market, as well as our view on issues and trends relevant to considering exposure to platinum as an investment asset. Key takeaways from the report are; 1: Platinum deficit of 353 koz forecast for 2024, with this year’s estimated deficit to reach a record 1,071 koz. 2: Both mining and recycling supply expected to be well below pre-Covid levels in 2023 and 2024 3: Automotive demand continues to strengthen, up 14% this year, with a further 2% increase expected next year 2023 will see the highest industrial demand on record, with ...

Platinum demand rose 21% in 4Q 2021   The World Platinum Investment Council-WPIC’s views on issues and trends relevant to those investors considering exposure to platinum as an investment asset, including a high level overview of the potential impacts from the Russian invasion of Ukraine, plus an update on how our product partnerships continue to meet investors’ needs. Here is the gazing of Platinum supply and demand for 2022 on the back of updating 2021.   Total platinum demand rose 21% (+283 koz) quarter-on-quarter in Q4’21, with ongoing strong demand from the industrial and jewellery segments supplemented by improving automotive demand, despite ongoing semiconductor shortages. This was helped by improved but still negative investment demand, with ongoing strength in bar and coin demand offset by continued reductions in ETF holdings and stocks held by exchanges (primarily NYMEX), albeit at lower rates than in Q3’21.  In the platinum market a further sign of the posi...

An updated outlook for 2021 and an initial forecast for 2022!   Recently, World Platinum Investment Council (WPIC) published twenty-ninth Platinum Quarterly data set, which examines activity in the third quarter of this year and includes an updated forecast for 2021. This edition of Platinum Quarterly presents platinum supply and demand developments for the third quarter of 2021, an updated outlook for 2021 and an initial forecast for 2022.    It also includes the WPIC’s views on issues and trends relevant to those investors considering exposure to platinum as an investment asset, plus an update on how our product partnerships continue to meet investors’ needs. The Platinum Quarterly data and commentary are prepared independently for the WPIC by Metals Focus.    Platinum demand for the total of automotive, jewellery and industrial applications in the third quarter of 2021 continued the steady year-on-year quarterly recovery seen since the fourth quarter of...