Platinum Demand May Exceed Supply in 2012
Platts reported Lonmin (LSE:LMI) is predicting platinum demand will outpace supply slightly in South Africa through 2012 although it is unlikely to affect price.
Articles Tagged "platinum demand"
Paul Walker Says Platinum Oversupply Requires Game Changing Demand
Mining Weekly reported the global glut of platinum will require a significant change in demand to see any impact in prices through 2012.
Walter de Wet Discusses Platinum Outlook
Mineweb reported an interview with Standard Bank's Walter de Wet discussing the future of platinum and platinum group metals.
Platinum Use in Cars Expected to Increase to $7 Billion
Mining Weekly reported carmakers will use $7-billion worth of platinum in catalytic converters next year, diminishing overstock as production declines.
China Lifting Platinum Demand to 2-Year High
IBTimes reported rising Chinese purchases of platinum jewelry will boost global demand for the metal to a two-year high in 2011.
Platinum Price to Benefit From Strike Action in South Africa?
Business Insider reports that as strikes go on in South Africa platinum prices keep going up with demand for the metal increasing as stockpiles dwindle.
Medium Term Platinum Outlook – Volatility and Decline
Mineweb reports that Impala Platinum's (PINK:IMPUY) CEO David Brown says platinum demand will fall and prices will remain volatile for the next few months.
Platinum Surplus Seen Jumping Eightfold After Japan Quake Cuts Car Output
Bloomberg reports the global platinum surplus may jump eightfold after Japan’s worst earthquake slashed car production, reducing the country’s demand to the lowest level in 28 years.
Platinum price could soar beyond predicted $1 900/oz, says GFMS
Mining Weekly reports that GFMS says the company’s predicted platinum price of $1,900/oz is a base case scenario because US monetary possible could push the platinum price to over $2,000/oz.
Platinum’s Fate May Be Determined In Zimbabwe
The effect of Japan's earthquake on auto makers has a major impact on platinum markets because it affects demand. However, a move to nationalize mines in Zimbabwe may also play a major role in platinum's future due to potential effects on supply.
