DISCLAIMER: GOLDINVESTMENTCOMPANIES.COM IS AN AFFILIATED PARTNER FOR GOLDCO PRECIOUS METALS, AUGUSTA PRECIOUS METALS, AND BIRCH GOLD GROUP, PROMOTING THEIR GOLD IRA, GOLD 401K TRANSFER AND BITCOIN IRA SERVICES AND PRODUCTS.
Edward Sterck unpacks the World Platinum Investment Council’s latest quarterly report, explaining the supply- and demand-side factors that led the organization to revise its 2024 platinum deficit projection upward to 476,000 ounces.
He also touched on when the metal’s price may begin to reflect its strong fundamentals, commenting, “We think platinum is a bit out of favor … but that as the year unfolds we’ll begin to see the true underlying fundamentals begin to be reflected in price.”
#Investing #Mining #Platinum
0:00 – Intro
0:28 – Upward revision of 2024 platinum deficit
1:40 – Second-lowest quarter for platinum supply
4:29 – Auto demand benefiting from EV slowdown
8:40 – Platinum jewelry and industrial demand
11:51 – Platinum bar, coin and ETF demand
14:22 – When will price reflect fundamentals?
17:37 – WPIC vs. Johnson Matthey methodology
19:27 – Outro
________________________________________________________________
Investing News Network (INN)
Find out more about investing by INN @
https://investingnews.com/
Browse our 2023 outlook reports:
http://bit.ly/3JHyR1M
Follow us Facebook:
https://www.facebook.com/investing.news.your.trusted.source
Follow us on Twitter:
@INN_Resource
________________________________________________________________
The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
