Global Platinum Market Faces Increased Deficit in 2024, Says WPIC The World Platinum Investment Council (WPIC) forecasts a deeper global platinum deficit in 2024 than initially expected, attributing the shortfall to diminishing mine supplies from South Africa and Russia. Although the anticipated deficit of 476,000 troy ounces is less than 2023’s 851,000 ounces, due to a 5% decrease in demand, it remains significant. This marks the second consecutive year of platinum scarcity, influenced by ongoing production challenges, including restructuring and delayed production increases in South Africa, along with reduced Russian output due to smelter maintenance and the impact of Western sanctions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Dramatic Fluctuations for Yen as It Struggles Against Dollar Surge READ MORE Gold bar scammers bilk nearly $1M from Maryland woman, police say READ MORE Gold Holds Above $2,500: Safe-Haven Appeal Strengthens READ MORE Target Slashes Prices on 5,000 Items to Woo Inflation-Wary Shoppers READ MORE Nine years after fleeing in panic, the infamous Deutsche Bank is returning to the LBMA READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment