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Platinum Quarterly

“Demand for platinum is diverse and global. We believe providing regular data and insights means that platinum is considered by more investors.”

Trevor Raymond - CEO World Platinum Investment Council

Platinum Quarterly is commissioned by the World Platinum Investment Council and based upon independent research and analysis conducted by Metals Focus. It provides supply and demand data on the platinum market, as well as commentary and analysis.

We publish it every quarter ensuring greater transparency of the global platinum market and the delivery of regular data to investors. The next Platinum Quarterly will be published on 19 November 2025.

The full report is available here:

Download Tables [XLS]

Overview of key data presented in the latest Platinum Quarterly:

This report incorporates analysis of platinum supply and demand during Q2 2025, with an updated full year forecast for 2025.

  • Third consecutive annual deficit reconfirmed, expected at 850 koz in 2025
  • Forecast full year 2025 total supply to fall by 3% to 7,027 koz; total demand projected to reduce 371 koz to 7,877 koz
  • Platinum jewellery demand to rise 11% to 2,226 koz this year, its highest level since 2018, as China growth accelerates
  • Continued growth in investment demand, up 2% in 2025 to 718 koz, with strong bar and coin demand performance in China
  • Forecast decline in automotive demand modest given tariff-related market uncertainty; projected to contract 3% to 3,033 koz for full year 2025
  • Industrial demand to fall to 1,901 koz this year as substantive, cyclical glass capacity expansions reduce