UBS Upgrades Platinum to $1,100 by Mid Year
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Housekeeping: Good Morning.
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Today
* Discussion: UBS Upgrades Platinum to $1,100 by Mid Year
* Premium: UBS on PL, Pa
Discussion:
UBS Upgrades Platinum to $1,100 by Mid Year
• Platinum was undersupplied by nearly 1mn ounces in 2024, but large above-ground inventories likely prevented the metal price from rising.
• We expect platinum to be undersupplied by 500,000 ounces in 2025, keeping the metal in a deficit for a third consecutive year. In USD/oz
• We target a…
The skinny
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