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Primary and secondary platinum supply to shrink

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Platinum supply is projected to fall by 2% year-on-year to 7,330 koz in 2017, according to the World Platinum Investment Council (WPIC). 'Both primary and secondary supply are expected to decline', the group writes in its latest Platinum Quarterly.

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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