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“This reflects total supply remaining close to the weak level in 2022, up only 3% to 7,428 koz (+201 koz), and strong demand growth of 24% to 7,985 koz (+1,534 koz),” the authors of the report found. WPIC said the change from the 776 koz surplus in 2022 to the forecast deficit of 556 koz in 2023 is over 1.3 Moz.

( Kitco News) - According to a recent report from the World Platinum Investment Council (WPIC), after two years of significant surpluses the platinum market is forecast to move to a material deficit in 2023. Receive a comprehensive recap of the day's top stories directly to your inbox. Get all the essential market news and expert opinions in one place with our daily newsletter.