Edward Sterck: Platinum Facing Record Deficit, What's Holding Back the Price?

In its latest quarterly report, the World Platinum Investment Council forecasts that the platinum market will hit a deficit of over a million ounces in 2023, the largest on record.

Edward Sterck lays out the supply and demand factors that are creating that shortfall, explaining that while supply is set to remain flat this year, demand is seen rising 27 percent.

This interview was filmed on September 7, 2023.

#Investing #PreciousMetals #Platinum

0:00 - Intro
0:30 - Record platinum deficit expected in 2023
2:52 - Auto sector demand and substitution
6:21 - Will the rise of EVs hurt platinum demand?
9:44 - Outlook for industrial demand
12:45 - Platinum mine and recycling supply
15:51 - What to know about aboveground stocks
18:03 - What's holding platinum prices back?
20:28 - Most important factor for platinum
22:44 - Outro

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