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Platinum Supply Deficit Predicted Amid Declining Demand

3/5/2025

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Summary

Story summary

The World Platinum Investment Council forecasts a platinum supply deficit of 848,000 ounces for 2025, reduced from 995,000 ounces in 2024.
Demand is projected to drop by 5% to 7.85 million ounces, while supply is expected to decrease by 4% to 7 million ounces.
South African production is declining, and above-ground stocks may fall by 25% in 2025.
Rusty Delroy from Nero Resource Fund anticipates a market rebound due to supply cuts and stable prices.
Concerns remain about recycling and electric vehicle demand, with modest declines in automotive platinum group metal usage expected.

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Story summary

The World Platinum Investment Council forecasts a platinum supply deficit of 848,000 ounces for 2025, reduced from 995,000 ounces in 2024.
Demand is projected to drop by 5% to 7.85 million ounces, while supply is expected to decrease by 4% to 7 million ounces.
South African production is declining, and above-ground stocks may fall by 25% in 2025.
Rusty Delroy from Nero Resource Fund anticipates a market rebound due to supply cuts and stable prices.
Concerns remain about recycling and electric vehicle demand, with modest declines in automotive platinum group metal usage expected.