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Platinum-Group Metals 2010
Creamer Media, Sep 2010, Pages: 48
In 2009, the global supply of platinum fell to 5,92-million ounces, which was marginally down on supply in 2008. Despite this decline, however, the market was in a state of oversupply, with net demand for the year reaching just 5,64-million ounces. Gross demand for platinum was at a higher level than supply, but mine supplies, together with recycled material, were more than sufficient to meet total demand.
The world’s largest platinum-producing country, South Africa, which was the source of some 77% of platinum supply in 2009, reported a slight supply increase, with three new mines having entered production in the country during the course of the year. Much of the production gain from these operations, however, was offset by the closure of some existing mines and shafts, owing to the strength of the rand and weaknesses in precious metals prices. Other challenges experienced by South African miners included safety stoppages, industrial action, smelter outages and geological issues. This report offers insight into the global and South African platinum-group metals industry, and profiles the main producers operating in the country.
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