Platinum market to end 2025 with 692 koz deficit; potential easing of tariff fears leads to a more balanced platinum market in 2026 – London, 19 November 2025
Third consecutive significant platinum market deficit forecast at 692 koz; Supply remains constrained, declining 2% year-on-year to 7,129 koz in 2025; Forecast 2025 automotive demand is 10% above prior five-year average; Jewellery demand growth of 7% to 2,157 koz in 2025 boosted by first-half spike in China; Total bar and coin investment to record 47% year-on-year growth in 2025 led by surging demand in China