CPM predicts largest-ever platinum market deficit in 2014
By GCRU Gold News on Thursday, June 26 2014, 00:32 - Permalink
Regardless of Monday’s announced end of the South African platinum strike, New York-based commodities research firm, CPM Group, forecasts that the platinum market is expected to record the largest deficit ever this year, as the shortfall of total supply of newly-refined platinum relative to fabrication demand is estimated at 818,823 ounces this year.