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South Africa, China and Europe will drive platinum supply-and-demand fundamentals in 2014, even as the premium precious metal struggles against a downdraft from declining gold prices, according to...
15/1/2021 Although Amplats and South Africa have resumed mining activity, global refined platinum production is expected to slip 22 percent year-over-year, largely off the South Africa
21/1/2021 Projected platinum production, Davis asserts, has been over-estimated and the global increase in demand underestimated. His detailed analysis of South Africa’s PGMs mining
8/12/2020 also help reduce the disruptions to operations seen in 2020 in multiple key mining countries such as Peru and South Africa. demand for mineral and metals in 2021. China
15/1/2021 The world’s No. 1 platinum miner said the price of the metal could climb more than 80% over the next four to five years as the global economy recovers and supply dwindles.
Total platinum supply fell marginally in 2018 to 8,010 koz owing to lower mining supply, as recycled platinum increased modestly. Platinum demand contracted by 5% to 7,365 koz, which resulted in a surplus of 645 koz. Low levels of demand were due to
Supply and demand. South Africa provides more than 70% of primary mined platinum supply and more than 55% of total supply, including recycling. South African supply conditions therefore has a significant impact on global supply and should therefore impact the platinum price.
Weakness primarily in Russia will offset the small 15 koz production increase in South Africa, driven by a decrease in operational disruptions from last year. The update on 2018’s platinum supply and demand forecast raises the surplus from 295 koz to 505 koz, primarily on weaker jewellery demand.
This report incorporates analysis of platinum supply and demand during the third quarter of 2020, a revised full year forecast for 2020, and a first full year forecast for 2021. Overall, Q3’20 saw large sections of the market, both supply and demand, returning to near-pre-COVID-19 operational levels as global economic conditions improved compared to the first half of 2020.
25/11/2020 Platinum appears set to have a strong 2021, according to the WPIC, but questions remain regarding how much prices can rise. The World Platinum Investment Council (WPIC) released a
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