Platinum 2012 interim review: executive summary

摘要

The platinum market is forecast to move into a deficit of 400,000 oz in 2012. Severe disruption to platinum group metal (pgm) mining is expected to reduce supplies from South Africa by over 600,000 oz. With demand firm at 8.07 M oz and a decline in recycling, the balance of the platinum market will look very different from 2011. Platinum supplies are expected to decline by 10% to 5.84 M oz this year. A fall in platinum sales is forecast from South Africa to an eleven-year low of 4.25 M oz as a result of labour stoppages and the closure of marginal operations.