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Home / Metal News / WPIC: Global Platinum Deficit to Narrow Sharply in 2017

WPIC: Global Platinum Deficit to Narrow Sharply in 2017

iconSep 6, 2017 18:00
Source:SMM
Global platinum supply deficit will narrow this year, World Platinum Investment Council (WPIC) predicted. 

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. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

WPIC
Global platinum supply

For queries, please contact William Gu at williamgu@smm.cn

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