Lower supply of and higher demand for platinum are expected to lead to a 455 000 oz deficit in 2016, compared with the 135 000 oz deficit previously forecast, according to the World Platinum Investment Council’s latest ‘Platinum Quarterly’ report for the first quarter of this year.

Global platinum supply is forecast to decrease by 1% to 7.8-million ounces this year, from 7.9-million ounces in 2015, while global demand for platinum is expected to increase “marginally” to 8.25-million ounces this year, from 8.22-million ounces in 2015.

Creamer Media’s Platinum 2016 report provides a global overview of the platinum market and an outlook for the sector, with a particular focus on South Africa’s platinum-sector business environment. The report focuses on the main participants in South Africa’s platinum industry, other platinum producers, and exploration and development companies.

This report is a summary of information published in Engineering News and Mining Weekly, as well as of information available in the public domain.

The report does not purport to provide analysis of market trends.

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