Key information is highlighted below:• Forecast platinum market deficit deepens to 966 koz; third successive year of market deficit • Forecast total supply in 2025 is the lowest in five years, declining by 4% to 6,999 koz• Resurgence in China platinum jewellery demand drives a forecast 5% increase in global jewellery demand this year• Automotive demand resilient despite market uncertainty; forecast 2% reduction to 3,052 koz for full year 2025• Robust investment demand continues, forecast at 688 koz in 2025, bolstered by strong bar and coin demand in China• Above ground stocks to fall to 2,160 koz in 2025, representing only three months of demand cover
