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Platinum Deficit To Increase In 2024, WPIC Reports

WPIC Deficit
Production of platinum at Krastsvetmet precious metals plant in Krasnoyarsk

The World Platinum Investment Council (WPIC) has forecasted a significant increase in the platinum deficit for the year 2024 due to weaker supply conditions. According to the latest report released by WPIC, the deficit is expected to surpass previous estimates.

Platinum, a precious metal widely used in various industries including automotive, jewelry, and electronics, is facing challenges in its supply chain. The WPIC highlights that the weakening supply of platinum will be the primary driver behind the anticipated deficit.

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