Expected platinum deficit due to less demand and mine stoppages
Platinum may be moving towards a larger deficit than expected despite a significant rebound in the first half of 2016.
The World Platinum Investment Council’s (WPIC) latest Platinum Quarterly and SFA (Oxford)’s report revised their supply and demand numbers, saying that in 2016, the deficit would be 520 kilo ounces instead of 455 kilo ounces, as previously predicted in the first quarter of 2016.
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