In its latest Platinum Quarterly report, published today, the World Platinum Investment Council (WPIC) depicted a challenging time for platinum in Q2. With the exception of investment demand, consumption of platinum weakened across all sectors while supply increased as a result of normalising production in South Africa following last year’s strikes. Overall, the market remained in deficit in Q2, although the deficit was smaller than in Q1. We expect demand to recover in the remainder of the year, but prices will probably stay subdued until 2016.
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