首页|Johnson Matthey bets on platinum over palladium
Johnson Matthey bets on platinum over palladium
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In its 2002 interim review of the pgms markets, Johnson Matthey has said that the platinum market will remain in deficit this year but demand for palladium will hit an eight year low. Chinese jewellery demand is helping to boost platinum consumption, while purchases from the auto sector are expected to remain stable. Total demand for 2002 is forecast at 6.37m oz, up 2.9 percent on last year. Higher South African shipments are expected to be countered by les Russian sales, with total supply forecast at 5.88m oz, the fourth year running that the platinum market has been I a deficit.