Set against the earlier prediction of a “sizeable surplus” for 2020, the World Platinum Investment Council (WPIC) has revised its forecast for platinum supply in 2020 downward, with demand now expected to exceed supply by only 1.5%, or 119 000 oz. Total demand for this year is expected to be just shy of eight-million ounces, with total supply anticipated to be about 8.1-million ounces.
