Platinum market deficit deepens: third consecutive deficit in 2025, now expected at 966 koz
- The World Platinum Investment Council forecasts a third consecutive market deficit of 966 koz in 2025 amid declining supply and demand.
- This deficit follows a 4% year-on-year supply drop to 6,999 koz, driven mainly by reduced mining output, especially in South Africa due to intense rainfall.
- Demand is expected to fall 4% to 7,965 koz as increased jewellery and investment demand, notably from China, does not fully offset automotive and industrial declines.
- In Q1 2025, mining supply hit a five-year low of 1,086 koz, automotive demand declined 4% to 753 koz, while investment demand rose 28% quarter-on-quarter, boosted by Chinese bar and coin purchases.
- Despite uncertainties in the market and shifting US tariff regulations, structural deficits continue, with above-ground platinum inventories declining to 2,160 koz, sufficient to cover just a quarter of annual demand.
36 Articles
36 Articles

Platinum market deficit deepens: third consecutive deficit in 2025, now expected at 966 koz
Forecast total supply in 2025 is the lowest in five years, declining by 4% to 6,999 kozResurgence in China platinum jewellery demand drives a forecast 5% increase in global jewellery demand this yearAutomotive demand resilient despite market uncertainty; forecast 2%…
Platinum price ranges suggest prelude to a breakout
THE supply deficit forecast for platinum by the World Platinum Investment Council in March had widened further, the organisation said on Monday. Based on first quarter data, supplied by Metals Focus, the council estimated a deficit of 966,000 ounces for 2025 compared to an deficit estimate of 848,000 oz previously. One of the major factors […]
Platinum price losses the negative momentum– Forecast today – 19-5-2025
Copper price began forming a negative move, activating with the negativity of the main indicators, to settle near the extra support at $4.5000, facing negative pressures will increase the chances for breaking the current support, to open the way towards targeting extra negative stations, which might begin at $4.4500 reaching $4.3100. The failure to break the current support might push the price to form mixed trading, and there is a new chanc…
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