Platinum deficit of 303 koz forecast in 2023 as 2022 surplus reduces
Supply constraints, combined with increased bar and coin demand, have seen the market surplus forecast for 2022 revised downwards by 17% (-170 koz) to 804 koz.
- Supply constraints, combined with increased bar and coin demand, have seen the market surplus forecast for 2022 revised downwards by 17% (-170 koz) to 804 koz.
- The profound swing in market balances between the 2022 surplus and the 2023 deficit is forecast to be more than 1.1 Moz.
- Disruption is likely to remain a feature in 2023, with the forecast up a modest 2% (+89 koz) year-on-year to 5,726 koz.
- Automotive demand in 2023 is expected to increase at a similar rate to 2022, up 11% (+324 koz) to 3,288 koz.