Global platinum supply likely to fall 2% this year

Total demand is 5-6% of global, coming mostly from jewellery and auto sectors, at 420 Koz

Overall platinum supply is projected to fall by two per cent year-on-year to 7,330 kilo ounces (koz) in 2017, with both primary and secondary supply expected to decline.
 
According to the World Platinum Investment Council’s (WPIC)’s publication Platinum Quarterly for the March quarter of 2017, the global demand for platinum is projected six per cent lower (at 7,795 koz) than last year’s demand  but the demand-supply gap has fallen 82 per cent, while above ground stock is down three per cent. India’s demand for platinum in the jewellery sector is rising. WPIC said the demand was highest in 2016