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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 May 2025.

The full report is available here:

Download Tables [XLS]

Overview of key data presented in the latest Platinum Quarterly:

This report analyses both Q4 2024 and full year 2024 supply and demand as well as providing a revised forecast for 2025.

  • Full year 2024 deficit of almost 1Moz and 2025 forecast deficit up 57% to 848 koz on updated forecast
  • Total supply up 3% in 2024 and is forecast to reduce 4% in 2025
  • Automotive demand at 3,130 koz in 2024 and 3,102 koz in 2025 despite headwinds
  • Jewellery demand up 8% in 2024, to grow 2% in 2025 to 6-year high
  • Investment demand up 77% in 2024 on strong exchange traded fund (ETF) inflows and large bar demand in China
  • Above ground stocks fell 23% in 2024 and to fall 25% in 2025 to 2,535 koz, less than four months’ worth of demand