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Platinum markets to remain in surplus for 2012 despite unrest

Posted on 01 October 2012

Despite the slew of production losses, Barclays is forecasting the platinum market to remain in surplus for the remainder of 2012. They estimate supply disruptions would need to last another 4-6 weeks to balance the market assuming demand conditions do not deteriorate further.
“In addition to this, political uncertainty continues to plague PGM output in Zimbabwe with the government ordering Zimplats to pay levies spanning the past five years after the revised tax assessment.” the Bank said in a report………………………………………..Full Article: Source


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