Platinum Surplus In 2021 And 2022 As Stock Unwind Boosts Supply And Muted Investment Offsets Otherwise Strong Demand
LONDON, Nov. 24, 2021 /PRNewswire/ –The World Platinum Investment Council (WPIC) today publishes its Platinum Quarterly for the third quarter of 2021, with a revised forecast for 2021 and first forecast for 2022. Global platinum demand for the total of automotive, jewellery and industrial applications in Q3’21 continued the positive year-on-year growth trend seen in the previous three quarters, however, negative investment demand and near record refined supply drove the market balance into a surplus of 592 koz this quarter....