Global demand for platinum is expected to climb sharply this year, contributing to the largest annual deficit for the metal on record, according to a quarterly report from the World Platinum Investment Council released Wednesday.
A combination of flat supply and strong year-on-year growth in demand is driving the more than 1 million-ounce deficit expected in this year’s global platinum supply, Edward Sterck, director of research at the WPIC, told MarketWatch.
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