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WPIC: Events in Q1 22 hit platinum supply harder than demand, with previous surplus forecast for 2022 reduced to 627 koz

/PRNewswire/ The World Platinum Investment Council (WPIC) today publishes its Platinum Quarterly for the first quarter of 2022, with a revised full year.

Things looking interesting for platinum despite surplus

What the World Platinum Investment Council (WPIC) is forecasting for 2022 is a reduced but still large platinum surplus of 627 000 oz. But this surplus is extremely vulnerable to the issues the WPIC thinks may play out, particularly:

Platinum surplus forecast to reduce significantly

The platinum surplus in 2021 is forecast to reduce by 47% in 2022 as Covid-related and operational disruptions gradually settle, the World Platinum Investment Council (WPIC) states in its Platinum Quarterly. Covering the fourth quarter of 2021, along with a full year review of 2021 and revised forecast for 2022, the WPIC's Platinum Quarterly states that Covid related factors and operational disruptions played out particularly during the second half of 2021, having a huge impact on both the supply of and demand for platinum. (Also watch attached Creamer Media video.)

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