Platinum supply shortfall expected to continue in 2025 due to high demand in autos and jewelry.

The World Platinum Investment Council forecasts a third consecutive platinum market deficit for 2025, with an expected shortage of 539,000 troy ounces. Despite a slight increase in supply and recycling improvements, strong demand in automotive and jewelry sectors will drive the deficit. Automotive demand is projected to reach an eight-year high, while jewelry demand is driven by increases in Indian fabrication. Investment demand remains positive, supported by Chinese bar demand.

November 26, 2024
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