Platinum market swings from deep deficit to modest surplus

Annual platinum supply-demand balance, 2017–2026.

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The market recorded a 1.44 moz (million-ounces) deficit in 2025 and is forecast to post a 265 koz (thousand-ounces) surplus in 2026. [2026 is a forecast].

Chart: Mining-Technology.comSource: World Platinum Investment Council