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Surplus of platinum & palladium seen for year

Posted on 16 November 2011

Despite growing demand in most sectors, both platinum and palladium are expected to end 2011 in surplus but platinum demand is forecast to decline in 2012 and remain in surplus while the more industrially-driven palladium market will rise, resulting in a deficit next year.
Those are among the conclusions of the “Platinum 2011 Interim Review” issued Tuesday by platinum group metals specialist Johnson Matthey PLC. Gross demand for platinum is forecast to rise 2% to 8.08 million ounces in 2011, close to pre-recession levels……………………………………..Full Article: Source


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