Revised Platinum Supply/Demand
Forecasts: 2025 to 2028

In the latest Platinum Essentials report published by the WPIC, we see revised estimates for platinum supply/demand balances in the years 2025 to 2027 and its first estimate for 2028. As well as expecting consecutive deficits in 2023 and 2024, the WPIC forecasts that the platinum market will remain undersupplied throughout 2025 to 2028, with deficits averaging around 550koz per annum, or approximately 7% of demand.

For the avoidance of doubt, all estimates for 2025 to 2028 included in the report are WPIC forecasts, apart from mine supply, which is based upon publicly published company guidance.

Read the full report here.