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Total mine supply hit 1,330 koz, which represents a decrease of 6.3% year-on-year, thus marking the lowest result since the third quarter of 2014.
Recycling is projected to fall by 6% year-on-year to 1,760 koz in 2017. Automotive demand for 2016 and 2017 is revised upward by 45 koz.
Secondary supply from jewellery recycling is projected to decline by 20% year-on-year with recycling trends normalising following ‘unusually large stock flows’ in China last year.
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