Iran war pushed platinum market into its first surplus in six quarters, WPIC says
Geopolitics · Mining.com ·
The platinum market recorded a 268,000-ounce surplus in the first quarter of 2026, swinging from a 658,000-ounce deficit in the same period of 2025, according to the World Platinum Investment Council. The shift was driven in part by demand and supply disruptions linked to the Iran war.