World Economy

Platinum Shortage

Platinum ShortagePlatinum Shortage

Auditing firm PricewaterhouseCoopers has warned that the platinum industry was unlikely to meet the demand for the precious metal in the medium term, IOL reported. The firm released a report on Monday claiming that the supply would be subdued as a result of a lack of investment in the industry. The report was in line with previous studies on the platinum industry that noted that a deficit in platinum supply would deepen. The World Platinum Investment Council has also warned that the supply deficit for the metal this year would be higher than previous forecasts.