WPIC lowers platinum surplus forecast, notes healthy demand

From miningweekly.com

The World Platinum Investment Council (WPIC) has adjusted its platinum supply forecast for this year downward from a 375 000 oz surplus to a 345 000 oz surplus. The WPIC stated in its latest Platinum Quarterly report, released on Friday, that refined production should grow by 5% this year, as some mining projects ramp up, but mostly owing to the refining of metal built up in the processing pipeline in 2018.Recycling is forecast to grow by 3% as an increase in platinum recovered from autocatalysts more than offsets a decrease in jewellery recycling owing to the low platinum price. The WPIC reports that total supply ... (full story)