This Platinum Quarterly presents platinum supply and demand for the fourth quarter of 2025, final estimates for 2025 and an updated forecast for 2026f. It also provides WPIC’s views on relevant issues and trends for investor exposure to platinum as an investment asset, and an update on how we continue to meet investors’ needs through our product partnerships. The Platinum Quarterly data and commentary (starting on page 5) are prepared independently for WPIC by Metals Focus. The platinum market recorded a third consecutive deficit in 2025. Notably, the shortfalls have sequentially increased each year from 2023 and the ... (full story)