PLTM - World Platinum Investment Council Releases Bullish 2021 Platinum Report

• The World Platinum Investment Council released a report this month with a bullish view of the platinum market in 2021.
• The WPIC is predicting a record deficit of 1.2 million ounces in 2020. The projected deficit would mark a sharp uptick from a deficit of 100,000 ounces in 2019.
• Resilient automotive demand this year and an expected return to growth of Chinese jewelry demand have boosted platinum.
• A more nuanced 2021 supply-demand landscape is likely for platinum. Whether prices have the ability to rise further remains doubtful.

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