Continuing slide in platinum prices predicted as demand declines, surpluses persist.
US-based independent commodities research, consulting and corporate advisory company CPM Group forecasts that the platinum price will continue on a downward trend as a result of decreasing demand, increasing surpluses and no foreseeable future offtaker products to stimulate renewed demand.
This sentiment is stated in CPM Group’s newly released 2016 edition of its yearly ‘Platinum Group Metals LongTerm Outlook’ report – a 300-page study focusing on critical trends in above-ground platinum-group metals (PGMs) inventories, investment demand, mine production, secondary supply and fabrication demand.
CPM Group MD Jeffrey Christian says all these factors are central to understanding the price prospects for PGMs over the next ten years.
“PGM market observers have expressed confusion that platinum and palladium prices have halved over the past few years, while the PGM statistics they use show persistent long-term deficits in these markets,” he explains.
This story is from the Mining Weekly 28 April 2017 edition of Mining Weekly.
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This story is from the Mining Weekly 28 April 2017 edition of Mining Weekly.
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