Platinum Market Expected to Shift Into Surplus Amid Investor Selling
· Business · Bloomberg, CNBC
The global platinum market is set to record a surplus this year following three consecutive years of shortfalls. According to the World Platinum Investment Council, the shift is driven by heavy investor selling and weaker jewelry demand in China. The transition marks a notable turnaround for the precious metal after prolonged supply deficits.
Why it matters
Industrial users and precious metals investors face shifting pricing dynamics as supply deficits end.
Read the original report — Bloomberg
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.