Platinum Market Is Turning a Corner as Supplies Start to Tighten
- WPIC sees smaller surplus; Johnson Matthey predicts deficit
- As Platinum Week starts, price recovery and ETF surge in focus
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As the platinum industry heads for its annual gathering in London, the question is whether one of the worst-performing metals of the last few years can sustain its recent recovery.
For now, the signs are that it may. Prices of the metal mostly used in autocatalysts are off to the best start to a year since 2016 as investors flock back to exchange-traded funds. The outlook in the physical market is also brightening: The World Platinum Investment Council sees the annual supply surplus shrinking this year, while Johnson Matthey Plc predicts a deficit.