Platinum market to stay in supply deficit in 2008, 2009 (Source: Resource Investor)

By Jane Louis
23 Jan 2008 at 03:49 PM

Global platinum demand is expected to continue outpacing supply in the next two years, hitting a deficit of 181,500 ounces by this year-end before closing the gap slightly to a shortage of 175,000 ounces in 2009.

The supply deficit will keep supporting platinum’s recent rally to record-high prices, especially as more production disruptions are expected. The sector was plagued by accidents and strikes this past year, and mining unions have already said they will not hesitate to strike again if safety violations aren’t addressed.

Click here for RI coverage of Johnson Matthey’s Platinum 2007 Interim Review.