Platinum Market Seen Swinging to Surplus on Investor Selling
- The platinum market is forecasted to have a surplus in 2026, mainly due to investment outflows during the first half of the year amid economic and geopolitical uncertainty.
- Despite the forecasted surplus, platinum inventories remain very low and illiquid after three years of significant deficits, with only 3.4 months' supply cover expected by the end of 2026.
- Platinum prices are expected to track overall precious metals sentiment, with potential gains if interest rate hikes are less severe or do not occur.
20 Articles
20 Articles
The Courier-Tribune
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:
The World Platinum Investment Council, WPIC, now projects a surplus on the global platinum market in the current year instead of...
The 297,000 ounce supply deficit expected in the platinum market three months ago turned to 265,000 ounces more than the new estimate. Behind the 562,000 ounce change are investment outflows, but the above-ground stocks still only account for 3.4 months of global demand.
Bloomberg News reported that, according to the World Platinum Investment Council (WPIC), the platinum market is expected to move into surplus in 2026 after a three-year supply deficit. Investors are looking to...
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 […]
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