SHANGHAI, Sept. 6 (SMM) – Global platinum supply deficit will narrow this year, World Platinum Investment Council (WPIC) predicted.
Standard Chartered Warns of Potential Corrections for Gold
The shortfall will narrow from 390,000 ounces in 2016 to just 15,000 ounces in 2017.
Platinum market reversed to a supply glut in Q2 from the shortfall of 305,000 ounces in Q1, due to higher supply and lower demand from automobile, jewelry and industrial sectors.
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