Softening demand, unrelenting supply key causes of platinum price weakness

The weakness in platinum prices has been driven primarily by softening fabrication demand fundamentals and a lack of commensurate reductions in supply to offset those weaker demand fundamentals, states New York-based research and consulting firm CPM Group. The company notes that one of the biggest sources of weakness has been the reduction in demand for platinum from the automotive sector, which is the largest end-user of platinum.