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Platinum is on track for a supply deficit for the first time in 3 years. Here’s why.

Por: MarketWatch Business March 09, 2023

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The global platinum market is forecast to see a 556,000-ounce deficit this year, after supply surpluses in 2022 and 2021, according to a quarterly report from the World Platinum Investment Council (WPIC) released on March 8. Total global demand from the automotive, jewelry, industrial and investment sectors is expected to rise 24% from 2022, while total supply from mining and recycling is forecast to rise by just 3%, the report said. There are... + full article



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