SUPPLY of platinum from SA, the world’s largest producer, would drop "off a cliff" in the next decade after years of underinvestment. There was little chance of reversing that trend any time soon, CEOs and industry players warned.In recent weeks, leading CEOs of platinum companies have flagged concerns about supply from SA, which is by far the biggest source of the metal used to make autocatalyst devices in vehicle exhausts to scrub out noxious elements, as well as for jewellery.Terence Goodlace, CEO of Impala Platinum (Implats), the world’s second-biggest platinum producer, said last week that years of underinvestment would have serious consequences."There is an absolute lack of investment in the platinum industry. We’re not too far from 2020, 2021, and 2022 when supply from this country is going to drop off a cliff," Goodlace said in his final results presentation as CEO of Implats.Implats sees South African supply dropping to 3-million ounces and below. There is little chance of ...
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