Right now, the market is recognising the higher likelihood of platinum being in deficit rather than in surplus in the mid-term years ahead, said World Platinum Investment Council (WPIC) research director Trevor Raymond on Thursday. Raymond expects pent-up consumer demand for vehicles to reduce any surplus, along with the substitution of platinum for palladium, which he describes as being "very material". “What we do know is that as soon as the automakers are able to resolve the semiconductor issue and chips start to flow, consumer demand hasn’t really gone away,” Raymond told Mining Weekly in a Zoom interview. ... (full story)