Platinum: Another year, another deficit—but when will the price move?! WPIC Q1 ‘25

Q1 2025 Snapshot

·       Q1 2025 Supply: 1,458 koz (down 10% year-on-year)

·       Q1 2025 Demand: 2,274 koz (up 10% year-on-year)

·       Q1 2025 Deficit: 816 koz (largest quarterly deficit in six years)[¹]

 

Platinum Market Deficit Deepens in 2025

The platinum market is heading for its third straight annual deficit in 2025, with the World Platinum Investment Council (WPIC) forecasting a shortfall of 966,000 ounces (koz), or 12% of total demand. This deepening deficit is driven by both falling supply and resilient demand, despite global economic and trade uncertainties^[1].

Platinum Supply, Demand, and Balance: Q1 2024 vs Q1 2025

What ASX African Explorers Look Interesting?

After Montage Gold’s $MAU.TO latest Aussie-listed African investments, what Other ASX African explorers look interesting?