WPIC: Global Platinum Deficit to Narrow Sharply in 2017

SHANGHAI, Sept. 6 (SMM) – Global platinum supply deficit will narrow this year, World Platinum Investment Council (WPIC) predicted. 

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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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