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'Small deficit' for platinum this year?

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'Last year, autocatalyst scrap recycling recorded its second biggest drop in the case of platinum and its single biggest decline for palladium since the start of our series in 1999,' notes the team at Thompson Reuters in its annual GFMS Platinum Group Survey 2016.

Platinum consumption in autocatalyst applications rose by 2% to 93.7 tonnes last year, according to the report. But autocatalyst scrap declined by 14%, giving up the gains of the previous two years to fall to 29 tonnes. ‘Lower steel and PGM (platinum group metal) prices impeded the flow of scrap down the supply chain,’ GFMS explains.

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