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All told, Thomson Reuters GFMS is predicting at least a 700,000-ounce physical platinum deficit this year. It projects that platinum will pass $1,700 per ounce by the end of 2014, a 18% increase from today's price.
âWe expect demand for platinum will improve in 2015,â say Natixis commodities researchers Nic Brown and Bernard Dahlah, the authors of the 100-page multicommodity review, which also forecasts that palladium prices will average $775/oz this year.