- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
South Africa, China, Europe to Drive 2014 Platinum Deficit
International Business Times reported that in 2014, platinum supply and demand fundamentals will be primarily driven by South Africa, China and Europe. Circumstances in all three countries are expected to keep the precious metal in deficit.
International Business Times reported that in 2014, platinum supply and demand fundamentals will be primarily driven by South Africa, China and Europe. Circumstances in all three countries are expected to keep the precious metal in deficit.
In terms of South Africa, the world’s largest platinum producer, high mining costs will mean miners in the country are “unlikely to deliver more platinum in the near term,” according to Jeremy Coombes, marketing and publications manager at Johnson Matthey plc (LSE:JMAT).
As quoted in the market news:
Just as South African suppliers suffer from limited growth potential, platinum demand is steadily rising. New emissions rules in Europe, set to take effect September 2014 and into 2015, will significantly raise the amount of platinum required in automobile anti-emission equipment, according to Coombes. Europe’s diesel-fired vehicles tend to use more platinum than its sister metal palladium, which is more common in the emission-control equipment of gasoline engines.
China, too, will play a key role in platinum markets in 2014. The country is increasingly seeking platinum for industrial uses, aside from its already established role as a major consumer of platinum jewelry.
Click here to read the full International Business Times report.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.