世界铂金投资协会：2025年第二季度铂金季度（英文版）

Forecast full year 2025 total supply is the lowest in five years, declining by 3% to 7,027 koz. Total demand will decline by 4%, nevertheless outstripping supply by 850 koz • Platinum jewellery demand to rise 11% to 2,226 koz this year, its highest level since 2018, as China growth accelerates • Continued growth in investment demand, up 2% in 2025 to 718 koz, with strong bar and coin demand performance in China • Modest decline in automotive demand forecast given tariff-related market uncerta