Edward Sterck: Platinum Facing Third Deficit, Will Price Follow Gold Higher?

Edward Sterck reviews findings from World Platinum Investment Council's latest quarterly report and looks forward to 2025, noting that the platinum market is due for its third consecutive deficit at 539,000 ounces.

"I think the key thing that we're seeing really is just a persistency of certain themes. So it's effectively ongoing supply constraints and ongoing robustness in terms of demand, particularly in the automotive industry," he said.

Whether those dynamics can push the metal out of its current rangebound price level remains to be seen.

❓ Will the platinum price break higher in 2025? Tell us in the comments!

This interview was filmed on November 25, 2024.

#Investing #Mining #Platinum

0:00 - Intro
0:26 - Platinum due for 2025 deficit
2:02 - When will the platinum price rise?
5:20 - Will platinum follow gold higher?
7:39 - Slow EV uptake boosting platinum
12:05 - How will Trump impact demand?
14:53 - Outlook for investment demand
16:57 - Mine and recycling supply
19:39 - Supply can't meed demand
20:27 - Outro

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