Platinum to see first market surplus in six years in 2017
By GCRU Gold News on Tuesday, May 16 2017, 03:59 - Permalink
The platinum market is set to record its first surplus in six years in 2017, Johnson Matthey said on Monday, as a drop in demand from the vehicle industry, jewelers and investors outstrips a smaller fall in supply.
But the deficit in palladium is expected to widen to 792,000 ounces in 2017 from 163,000 ounces this year, the company said.