Industry experts warn on disruption of SA’s platinum industry
Johnson Matthey say global market is expected to fall into a 127,000oz deficit in 2019 from 2018's 372,000oz surplus
Potential disruption of platinum production in SA, the single largest source of the metal, could deepen a global deficit of the industrial and precious metal this year, Johnson Matthey warned in its latest market report. SA dominates global supply of platinum group metals (PGM), accounting for more than two-thirds of platinum output, more than a third of palladium and more than 80% of its rhodium, meaning developments on its mines and at its processing plants and refineries are closely monitored. In its PGM market report released on Thursday, Johnson Matthey noted the global platinum market would fall into a 127,000oz deficit during 2019 from a 372,000oz surplus in 2018. SA is forecast to deliver 4.565-million oz out of the 6.189-million oz of total mined supply in 2019, the country’s highest output since 2015. PODCAST: The growing power of class action lawsuits Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Cast | Player.fm However, Johnson Matthey sounded a note of caution...
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