Platinum set for biggest deficit since 1999 -Johnson Matthey

Posted on November 13, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Refiner Johnson Matthey said on Tuesday in its Platinum 2013 Interim Review that the platinum market was expected to show a shortfall of 605,000 ounces this year from 340,000 ounces last year.

“The platinum market is expected to be in significant deficit for a third consecutive year in 2014,” the industry benchmark report said. “However, this may not be sufficient to support higher prices as long as the market remains adequately supplied from above-ground stocks.”