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In its latest quarterly report, the World Platinum Investment Council forecasts that the platinum market will hit a deficit of over a million ounces in 2023, the largest on record.
Edward Sterck lays out the supply and demand factors that are creating that shortfall, explaining that while supply is set to remain flat this year, demand is seen rising 27 percent.
This interview was filmed on September 7, 2023.
#Investing #PreciousMetals #Platinum
0:00 – Intro
0:30 – Record platinum deficit expected in 2023
2:52 – Auto sector demand and substitution
6:21 – Will the rise of EVs hurt platinum demand?
9:44 – Outlook for industrial demand
12:45 – Platinum mine and recycling supply
15:51 – What to know about aboveground stocks
18:03 – What’s holding platinum prices back?
20:28 – Most important factor for platinum
22:44 – Outro
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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.
