Author Topic: Platinum  (Read 6894 times)

Moonraker

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Platinum
« on: May 13, 2013, 12:38:06 pm »
Platinum Posts Biggest Shortage Since 2002 as Output Contracts

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The platinum market swung into the biggest shortage since 2002 last year as supply fell to a 12-year low on strikes and stoppages in top producer South Africa, according to Johnson Matthey Plc. (JMAT) The palladium deficit was the biggest since 2000.

The platinum shortage was 375,000 ounces last year and a “slight deficit” is possible this year if investment continues to grow, London-based Johnson Matthey said today in a report. Platinum supply fell 13 percent to 5.64 million ounces, as total demand declined 0.6 percent, it said. Lower palladium sales from Russian state stockpiles and constrained output in Russia and South Africa is “a recipe for an under-supplied market” and higher prices, Johnson Matthey said.

“The supply that we see at the moment is being balanced by autocatalyst, jewelry and industrial demand,” Mark Bedford, managing director for precious metals at Johnson Matthey, said in an interview before the report. “Investment really becomes a balancing figure. If investment demand continues to be positive in 2013, I wouldn’t be surprised if we didn’t see a similar sort of deficit as the one that we saw this year.”

Both metals are mostly used in vehicle pollution-control devices and jewelry, with palladium favored mainly for gasoline-burning engines in the U.S. and Asia and platinum for diesels in Europe. Platinum holdings in exchange-traded funds expanded 11 percent this year after growing 16 percent in 2012, data compiled by Bloomberg show. Palladium ETF holdings are up 13 percent in 2013 after increasing 11 percent last year, the data show.

Moonraker

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Re: Platinum
« Reply #1 on: May 22, 2013, 02:57:15 pm »
I have the feeling that Platinum shares can now be bought and that recovery will be quite meaningful.
Anyone agree or disagree ?

aspire

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Re: Platinum
« Reply #2 on: May 22, 2013, 07:25:11 pm »
Care to share your reasoning? I'm still avoiding resources until strike season is over.

Moonraker

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Re: Platinum
« Reply #3 on: May 23, 2013, 11:02:11 am »
Care to share your reasoning? I'm still avoiding resources until strike season is over.
See my first post, plus car sales are up for the first time in 19 months in Europe - main contributor Germany.
(I personally don't invest in resource stocks at all, because of crazy volatility, but for the less risk averse, Plats
could be good at year end compared to now).  :)

Moneypenny

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Re: Platinum
« Reply #4 on: May 29, 2013, 09:00:50 am »
Biggest Platinum Companies Hurt as Union Usurps Old Guard

By Paul Burkhardt - May 29, 2013 8:26 AM GMT+0200

http://www.bloomberg.com/news/2013-05-28/biggest-platinum-companies-hurt-as-union-usurps-old-guard.html



Moonraker

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Re: Platinum
« Reply #5 on: July 30, 2013, 09:28:37 am »
Gold Loss to Platinum Widening for Best Forecasters

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Platinum prices that were lower than gold in April, when bullion entered a bear market, cost 11 percent more on July 15, the most in almost two years. The current 8.6 percent premium will expand to an average 19 percent in the fourth quarter, according to estimates from the five most-accurate precious metals analysts tracked by Bloomberg over the past two years. Investors own a near-record amount in platinum exchange-traded products as gold holdings slumped to a three-year low.
The improving global economy is boosting car sales and demand for platinum used in autocatalysts as falling supply curbs output from South Africa, the top producer, to a 13-year low, leaving a shortage. About 60 percent of platinum demand is from industrial applications, compared with 10 percent for gold. Bullion prices are heading for the first annual drop in 13 years as investor demand wanes.
Hmm.. maybe my reasoning was not altogether off the mark ?

Moonraker

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Re: Platinum
« Reply #6 on: August 08, 2013, 07:28:42 pm »
I month - plats are beginning their slow upwards move .. (I don't own any shares btw).




Moonraker

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Re: Platinum
« Reply #7 on: August 26, 2013, 03:54:28 pm »
Continuing uptrend ..