CPM Group Predicts Platinum Demand Will Outstrip Supply

Mineweb reported the platinum market is expected to fall to a deficit this year as mines in South Africa produce less or close.

As quoted in the market news:

Fabrication demand for platinum totaled 7,361,590 ounces in 2011, a 2.2% increase.

Platinum fabrication demand is projected to rise 3.5% this year to around 7,617,992 ounces, the strongest growth since 2006, says the yearbook.

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