2%

PLAT­INUM DEFICIT TO STAY

Finweek English Edition - - THE WEEK -

Global de­mand for plat­inum is ex­pected to de­cline by 2% in 2017 to 7.85m ounces, with the pro­jected growth in jew­ellery de­mand un­able to off­set ex­pected de­clines in au­to­mo­tive, in­dus­trial and in­vest­ment de­mand, ac­cord­ing to the World Plat­inum In­vest­ment Coun­cil. Sup­ply of newly mined plat­inum is ex­pected to re­main flat, while the sup­ply of re­cy­cled plat­inum is ex­pected to de­cline by 6%, lead­ing to an over­all de­cline in sup­ply of 2% to 7.75m ounces, it said. The result is that the mar­ket will re­main in deficit in 2017, the sixth con­sec­u­tive annual deficit, with above­ground stock lev­els ex­pected to de­cline to 2.12m ounces by the end of 2016.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.