Platinum deficit beckons in second half as ETF selling eases

Platinum market surplus of 265 koz forecast for 2026 - inventories remain critically depleted following three consecutive years of significant deficit

LONDON, Sept. 9, 2026 /PRNewswire/ -- Trevor Raymond, CEO of the World Platinum Investment Council, comments:

Platinum market records second-quarter surplus, but inventories still constrained

The platinum market recorded a surplus in the second quarter of the year, for the second successive quarter, at 244 000 oz, industry organisation the World Platinum Investment Council’s (WPIC’s) latest ‘Platinum Quarterly’ shows. Total supply was broadly stable year-on-year at 1.91-million ounces (up 1%), while total demand fell by 16% (308 000 oz) year-on-year to 1.66-million ounces.

Platinum deficit beckons in second half as ETF selling eases

THE platinum market is expected to swing back into deficit in the second half of 2026 as heavy exchange-traded fund (ETF) selling eases, after investment outflows helped drive a first-half surplus. Platinum recorded a 244,000 ounce surplus in the second quarter of this year, taking the first-half surplus to 548,000 oz, said the World Platinum Investment […]