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Platinum market to see 769K surplus in 2021 but market remains well supported - WPIC

From kitco.com

It has been a wild year and quarter for the physical platinum market and supply and demand uncertainty will remain the focus for 2022, according to the World Platinum Investment Council. Wednesday, the WPIC released its latest quarter supply and demand report for the third quarter. Due to higher processing of stockpiles through the quarter, the report said that platinum supply is expected to rise to a surplus of 769,000 ounces. Next year the platinum market is expected to see an excess of around 637,000 ounces. "It has been a dramatic quarter for platinum to say the least. We started the year off expecting to see a ... (full story)

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  • Category: Fundamental Analysis