Platinum Investment Council Says Balancing the Market Unlikely to Fix Supply Issues
A recent report from the World Platinum Investment Council highlights that demand for platinum is strong and prices may likely stay elevated into next year. The council explains that unprecedented conditions in Q3 lifted the metal’s prices to their highest in over a decade, noting that even as the market slowly moves toward equilibrium, supply conditions are projected to remain tight through 2026. In its latest forecast, the council expects the metal’s market to post a 692,000-ounce supply deficit this year, a slight improvement from the Q2 estimate of over 800,000 ounces. Looking ahead to next year, analysts project a…