Global Platinum shortfall Continues

Mineweb reported that the World Platinum Investment Council’s (WPIC) second ever Platinum Quaterly report has revealed that the global platinum demand exceeded supply by 700 000 ounces in 2014.

As quoted in the market news,

Overall demand, according to the report, fell by 6.9% in 2013 to 7.92 million ounces, even though there was demonstrable growth in the automotive, jewellery and industrial demand segments. WPIC research director Trevor Raymond said this was largely because investment demand fell 790 000 ounces due to the smaller uptake of the first rand-denominated platinum ETF, which was introduced in 2013 and performed remarkably in that year.

Click here for the full Mineweb report