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Platinum market to balance in 2016

The platinum market is expected to be close to balance in 2016, compared with this year’s projected 300,000 ounce supply-demand deficit.

Platinum market to balance in 2016 Platinum market to balance in 2016 Platinum market to balance in 2016 Platinum market to balance in 2016 Platinum market to balance in 2016

Platinum demand is forecast to rise by 2% next year, with supply increasing at a higher rate (Photo: Hans Splinte)

This is according to the World Platinum Investment Council’s (WPIC’s) fifth Platinum Quarterly report covering the three month period to end-September.

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