The increase comes amid a persistent market deficit that has more than doubled the metal’s price over the past year. According to the Platinum Quarterly Q4 2025 report published in March by the World Platinum Investment Council (WPIC), the global platinum deficit reached 1.08 million ounces in 2025, up from 921,000 ounces a year earlier. On the supply side, global mine production fell 4% in 2025, partly offset by a 10% increase in recycling. Despite an expected 8% drop in total demand in 2026, the market is still projected to remain in deficit, estimated at 240,000 ounces, according to the WPIC. Valterra Platinum, spun off from Anglo American and the world’s top producer by sales value, reported a 68% year-over-year increase in EBITDA.

Source: The North Africa Journal April 08, 2026 10:25 UTC