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Platinum market swinging to deficit this year, says WPIC

Stronger than expected investment demand coupled with weak supply could see the global platinum market swing into deficit this year, the World Platinum Investment Council (WPIC) said in its latest quarterly report.

Platinum market swinging to deficit this year, says WPIC Platinum market swinging to deficit this year, says WPIC Platinum market swinging to deficit this year, says WPIC Platinum market swinging to deficit this year, says WPIC Platinum market swinging to deficit this year, says WPIC

Sibanye Stillwater's Marikana PGM operation in South Africa

WPIC forecast an annual deficit of 336,000oz, a significant turnaround from the surplus of 247,000oz it forecast back in May.