15.11.2012 - Global platinum market to move to 400,000oz deficit in 2012 - Johnson Matthey
Global platinum production will fall 10% to 5.84m ounces in 2012, helping to move the market from a surplus to a deficit for the year, Johnson Matthey says in its Platinum 2012, Interim Review, released this morning. While gross demand is expected to remain strong at 8.07m ounces, the 12% fall in supplies from South Africa to an 11 year low of 4.25m ounces and a decline in auto catalyst recycling will "help decidedly shift the market into a deficit of 400,000 ounces."..............................................Full Article: Source
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