News Feature
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PLATINUM MARKET SWUNG BACK INTO SURPLUS LAST YEAR, MARKET FORECAST TO REMAIN IN OVERSUPPLY IN 2012
14th May 2012:Gross platinum demand rose by 2% in 2011 to 8.1 million ounces with growth in every sector apart from investment, according to Johnson Matthey in “Platinum 2012”, released today. Supplies increased to a four-year high of 6.48 million ounces, supplemented by releases of in-process and refined inventories from South Africa in the second half, while recycling increased to 2.05 million ounces. As a result, the platinum market swung into oversupply of 430,000 oz.
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