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Against a backdrop of strong demand and flat supply, platinum remains on track for a record 2023 deficit of 1,071,000 ounces. Edward Sterck of the World Platinum Investment Council breaks down those dynamics and what they could mean for the metal’s price, which remains stuck in the US$900 to US$1,100 per ounce range.
“You can’t really have a deficit in the commodity markets. You either get a price increase until you begin to get demand being priced out of the market, or you begin to get a supply response,” he said.
This interview was filmed on November 20, 2023.
#Investing #Mining #Platinum
0:00 – Intro
0:30 – Platinum on track for record 2023 deficit
4:33 – Another shortfall expected in 2024
8:25 – Outlook for platinum in 2025 and beyond
12:24 – Industrial demand during a recession
14:41 – When will platinum prices break out?
18:17 – Mine supply remains price inelastic
22:05 – Two sides to investment demand
25:22 – 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.
