13 May 2013
The platinum market was in deficit by 375,000 oz in 2012 due to a steep decline in output from South Africa, according to Johnson Matthey in ‘Platinum 2013’, published today. Primary supply of platinum fell by 13% to 5.64 million ounces, the lowest for 12 years. Total demand for platinum in 2012 was down by 0.6% to 8.05 million ounces. Recycling of platinum came to 2.03 million ounces, marginally less than in 2011.