World Platinum Investment Council 2017 Platinum Market Deficit Forecast Increases

The World Platinum Investment Council (WPIC) Platinum Quarterly today raised the predicted platinum market deficit for 2017 to 120 koz for the year. The upward revision comes after confirmation that the market ended 2016 270 koz in deficit, a deeper shortfall than previously estimated. Overall, Automotive demand remains resilient, Total supply is predicted to fall by 4% in 2017 and Q4 2016 turnaround in ETF buying boosts investment demand