Strong progress is predicted to drive whole platinum demand to eight 118 000 oz, resulting in a considerable market deficit of 1 028 000 ouncesin 2024, the World Platinum Funding Council (WPIC) says in its revised full-year 2024 forecast printed with its Platinum Quarterly for the second quarter of this 12 months. Whole platinum provide is predicted to say no by 1% from the already weak ranges of 2023, reaching 7 089 000 oz, whereas recycled provide will doubtless see a modest year-on-year improve of two% to 1 581 000 oz. This acquire will probably be offset by a 2% year-on-year lower in mined provide, which is projected to drop to five 508 000 oz.
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