After five lean years the short-term outlook for platinum remains gloomy, with the metal's uninspiring price performance this year lagging the double-digit increases of other commodities. According to the World Platinum Investment Council, at the end of 2012, global above-ground stocks of platinum stood at 4.1million ounces. By the end of this year this figure is expected to have fallen to 2.1million ounces. The council estimates that platinum demand exceeded supply by 170,000 ounces this year, but there was still no dramatic price rally to compare with those in other metals. Part of the reason for this was the substantial above-ground stocks. The platinum council this week released its third-quarter 2016 supply and demand report, which spelt out the figures. It said that demand for platinum was forecast to decrease by 3% in 2016 year on year to 8.04million ounces, against 7.87million ounces in supply. Total platinum supply next year was forecast to fall 2% to 7.745million ounces. T...
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