Consecutive platinum market deficits: 418 koz expected in 2024 following 878 koz in 2023 – London, 6 March 2024
Platinum demand surged 25% in 2023 and will remain robust in 2024; Near record low platinum supply levels in 2023 will decrease another 1% in 2024; Automotive demand rose 16% in 2023, set to grow in 2024; Industrial demand down 14% in 2024 from record high in 2023, but still 12% above pre-COVID five-year average; Back-to-back net positive investment demand in 2023 and 2024