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Harare - World supplies of platinum in 2013 will rise by 1.6% to 5.74 million ounces with higher output from Zimbabwe accounting for most of the gains, a Platinum 2013 Interim Review report has shown.
The world is however forecast to experience a deficit of about 605 000 oz in 2013 from 340 000 oz in 2012.
Strong offtake by industrial users and investors will lift gross platinum demand by 4.9% to 8.42 million ounces, said Johnson Matthey in the Platinum 2013 Interim Review report published on Tuesday.
In Zimbabwe, Zimplats expects to produce 270 000 oz this year, while the other two miners - Unki and Mimosa - will bring in 160 000 oz. This will bring the total to about 430 000 oz.
Platinum supplies from South Africa are forecast to rise by less than 1% to 4.12 million ounces in 2013.
According to the report, production losses due to one-off factors such as strikes and safety stoppages totalled around 100 000 oz in the first half.
Further strikes or stoppages in the final quarter of 2013 could eliminate any increase in South African supplies.
- Fin24
The world is however forecast to experience a deficit of about 605 000 oz in 2013 from 340 000 oz in 2012.
Strong offtake by industrial users and investors will lift gross platinum demand by 4.9% to 8.42 million ounces, said Johnson Matthey in the Platinum 2013 Interim Review report published on Tuesday.
In Zimbabwe, Zimplats expects to produce 270 000 oz this year, while the other two miners - Unki and Mimosa - will bring in 160 000 oz. This will bring the total to about 430 000 oz.
Platinum supplies from South Africa are forecast to rise by less than 1% to 4.12 million ounces in 2013.
According to the report, production losses due to one-off factors such as strikes and safety stoppages totalled around 100 000 oz in the first half.
Further strikes or stoppages in the final quarter of 2013 could eliminate any increase in South African supplies.
- Fin24
