Fundamental analysis of the global platinum market for the next six-year period to 2021 supports a bullish price forecast for the metal, a World Platinum Investment Council- (WPIC-) commissioned report by Glaux Metal, the trading name for the independent research of analyst Dr David Jollie, predicts. The report also suggested that there were numerous factors within the platinum market pointing towards potential upside in demand and greater downside in supply. It forecasted an average deficit of 250 000 oz/y for six-year period to 2021. Jollie highlighted that automotive demand would remain robust with, for example, demand for platinum from the global truck market potentially doubling over the next five years.
