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Platinum Quarterly

“Demand for platinum is diverse and global. We believe providing regular data and insights means that platinum is considered by more investors.”

Trevor Raymond - CEO World Platinum Investment Council

Platinum Quarterly is commissioned by the World Platinum Investment Council and based upon independent research and analysis conducted by Metals Focus. It provides supply and demand data on the platinum market, as well as commentary and analysis.

We publish it every quarter ensuring greater transparency of the global platinum market and the delivery of regular data to investors. The next Platinum Quarterly will be published on 18 November 2026.

The full report is available here:

Download Tables [XLS]

Overview of key data presented in the latest Platinum Quarterly:

This report incorporates analysis of platinum supply and demand during Q2 2026, with an updated full year forecast for 2026.

  • Forecast platinum market surplus of 265 koz for full year 2026 reflects investment outflows in H1’26 linked to heightened geopolitical and macroeconomic uncertainty
  • Net disinvestment of 83 koz projected for full year 2026
  • Jewellery demand expected to decline 15% as higher prices and weak domestic consumption impact the market in China
  • Forecast full year 2026 industrial demand growth of 5% to offset a 4% reduction in automotive demand
  • Revised 2025 deficit to over 1.4 Moz further depletes above ground stocks - even with the forecast surplus they will remain at just 3.4 months’ cover to meet global demand by the end of 2026