| Platinum surplus which witnessed a sharp growth in 2010 at one million ounces is expected to witness another sizeable gross surplus in 2011, according to an analysis by GFMS Ltd. The surplus growth will take place partly as mine output is set to rise, due mainly to forecast gains in North America, and both jewellery and autocatalyst scrap are also forecast to increase, GFMS report said.
Palladium which witnessed a return to large gross deficit estimated at 550,000 ounces in 2010 will witness an increase in prices to $975 before the year is out, GMFS report said..............................................Full Article: Source |