Platinum market faces record deficit
Mining News Pro - Platinum will register a 2.2% bigger supply deficit than previously expected for 2023 at a record 1 million troy ounces, driven by strong demand and flat supply, the World Platinum Investment Council (WPIC) said on Wednesday.
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Covid-19 impact on platinum market less than expected
Mining News Pro - While the Covid-19 pandemic has had a major negative effect on the platinum market — including price, demand and supply — the results for the first quarter of 2020 show the net effect is less than feared, and the outlook for 2020 is better than expected, the World Platinum Investment Council (WPIC) said on Monday, when it published its platinum quarterly for the first quarter of 2020, which also includes a revised 2020 forecast.
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Platinum market set for second consecutive surplus in 2018 - WPIC
Mining News Pro - The global platinum market will be oversupplied by 295,000 ounces this year as both supply and demand of the autocatalyst metal fall by 2 percent, the World Platinum Investment Council (WPIC) said on Thursday.
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