Dave Collum: Global platinum supply remains under pressure in 2025 and 2026

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Platinum supply faces significant deficits

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06.07.2026

Dave Collum: Global platinum supply remains under pressure in 2025 and 2026 — Platinum supply faces significant deficits

Dave Collum, professor / financial commentator at Cornell University (Emeritus), highlights concerns regarding global platinum supply and production deficits.

Collum points out that the above ground worldwide platinum supply available is estimated to be between 2.0 and 2.5 million ounces. He indicates that the production deficit in 2025 was approaching 1 million ounces, while deficit production in 2026 remains considerable, reaching almost 300,000 ounces year to date. Collum presents these figures as his response to repeated questions about platinum market dynamics.

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Collum has previously cautioned that SpaceX and AI IPOs could mark a market top. In another note, he compared the AI sector’s bubble characteristics with the dot-com era, highlighting differences in capital expenditure and funding sources as detailed in a separate analysis. These earlier comments form part of his broader scrutiny of current market risks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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