While the Covid-19 pandemic has had a major negative effect on the platinum market — including price, demand and supply — the results for the first quarter of 2020 show the net effect is less than feared, and the outlook for 2020 is better than expected, the World Platinum Investment Council (WPIC) said on Monday, when it published its platinum quarterly for the first quarter of 2020, which also includes a revised 2020 forecast. WPIC now forecasts that 2020 will have a surplus of 247 000 oz, which, despite the impacts of Covid-19, is only 128 000 oz higher than its previous forecast.
