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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. 

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WPIC
Global platinum supply
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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