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Contrasting outlooks for platinum, palladium

The platinum market is expected to recover from its fifth consecutive year of supply shortage, in 2016, by posting surplus output in 2017, whereas the palladium market will widen its deficit in 2017, cancelling out progress made during 2016 in reducing this shortfall. This is according to platinum authority Johnson Matthey’s Precious Metals Management’s (PMM’s) ‘Platinum-Group Metals (PGMs) Market Report May 2017’, which notes that the platinum market remained in deficit in 2016 owing to strong investment, industrial and auto demand, which offset a contraction in demand from Chinese jewellery fabrication.

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