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 IMF's Brighter Global Outlook: U.S. Strength and China's Stimulus Lead the Charge READ MORE Gold's Summer Slump? Market Experts See Sideways Trading Before Potential Upswing READ MORE Zimbabwe's ZiG: ZiG Used to Pay for 40% of Transactions READ MORE Fed's Inflation Target Faces Heat from Liberals Seeking Economic Reform READ MORE From Tokyo to Istanbul: The World Reacts to a Surging US Dollar READ MORE Add a Comment Cancel replyYour email address will not be published.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