Market forecast PGMs

Materials World magazine
,
1 Jul 2014

The ongoing strikes in South Africa are threatening the world’s supply of platinum group metals (PGMs).

At Bloomberg’s Precious Metals Forum, London, Peter Duncan from Johnson Matthey presented a forecast for the PGM market in 2014. Rhiannon Garth Jones picks out some key facts and figures. Graphs charting supply of PGMs from 2010–2014

Key facts

  • 80% of global palladium supply is controlled by Russia and South Africa.
  • Russia’s stock sales of palladium are expected to be exhausted by the end of 2014.
  • Around 10,000oz of platinum production and 5,000oz of palladium are lost for each day the South African strikes continue.
  • 2014 is expected to be another record-breaking year for Chinese jewellery demand for platinum.