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Platinum fundamentals starting to shift as supply deficit forecasted for 2023 - WPIC

From kitco.com

Although the platinum market has seen a significant surplus in 2022, the market is expected to get a lot tighter next year, with the World Platinum Investment Council forecasting a sizable deficit. Tuesday, the WPIC released its platinum Quarter report, which looked a platinum demand for the third quarter and provided initial estimates for 2023. The analysts revised the expected surplus for this year to 804,000 ounces, a decline of about 17% from its second-quarter projections. However, the biggest highlight of the report is an expected 1.1 million-ounce swing in the supply of the precious metal. "It's a ... (full story)

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  • Category: Fundamental Analysis