The global supply of platinum is expected to significantly fall short of demand this year, with the World Platinum Investment Council forecasting a record deficit, along with a rise in industrial demand to an all-time high.

The global platinum market is expected to post a deficit of 1.071 million ounces for 2023, with total year-on-year demand growth of 26% to 8.150 million ounces, while supply is seen down by 3% year-over-year to 7.079 million ounces, according to a quarterly report the World Platinum Investment Council (WPIC)…

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