Platinum council widens forecast deficit for 2016

September 8, 2016

Responsive image

Despite a rebound in supply in the second quarter of the year, the World Platinum Investment Council (WPIC) has widened its forecast platinum deficit by 64 000 oz for 2016 on the back of “little evidence” to support rising output over the medium term. The eighth Platinum Quarterly, prepared by SFA Oxford for WPIC, revised its forecast from a deficit of 455 000 oz predicted in the first quarter to a deficit of 520 000 oz, as supply contracts and demand remains static.

Category: General