The World Platinum Investment Council said Wednesday that the platinum market will remain in structural deficit through 2025, according to Benzinga. Supply is expected to fall to its lowest in five years while demand from investment and jewelry segments rises. Platinum surged from $900 per ounce to a 10-year high of $1,450 in July, outperforming gold and silver. WPIC highlighted that investment demand grew 660 year-on-year and is forecast to climb further, driven by Chinese bar and coin purchases. Jewelry demand hit its strongest first half since 2015 and is projected to rise 11 this year, led by a 42 surge in China. Automotive demand is forecast to decline 3 and industrial demand 22 due to weaker glass-sector consumption. WPIC CEO Trevor Raymond said platinum’s persistent discount to gold enhances its appeal, adding that interest in Asia remains strong.