Total global platinum supply will be around 250 t next year

Total global platinum supply will be around 250 t next year, Philip Klapwijk, global head of metal analytics at consultancy Thomson Reuters GFMS, said on Friday.

“If we were to see much lower growth in vehicle demand next year due to a weakening European economy, we could lose 6 t of platinum demand,” he told a conference in Shanghai.

He expects platinum prices to average between $1 700/oz to $1 800/oz in 2012. – Reuters

Tags: platinum, platinum price, platinum prices

Posted by admin on Dec 2 2011. Filed under Platinum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry