- 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.
For further details see:
World Platinum Investment Council Releases Bullish 2021 Platinum Report