Global platinum market balanced, surplus forecast for 2020

From miningweekly.com

The platinum sector is likely to end 2020 with a 670 000 oz surplus, the World Platinum Investment Council (WPIC) estimates. The WPIC on Thursday published its Platinum Quarterly for the third quarter of 2019, which includes a revision to the full-year 2019 forecast, as well as an initial forecast for 2020. Research director Trevor Raymond told Mining Weekly Online that the 2020 forecast did not include any platinum demand from higher diesel sales in Europe or from a platinum-to-palladium substitution. About 1.2-million ounces of investment demand, including about one-million ounces in exchange-traded fund (ETF) ... (full story)