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Platinum market set for another surplus in 2018 – Johnson Matthey

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PLATINUM
The platinum market is set for another surplus this year after recording oversupply of 110 000 oz in 2017, Johnson Matthey said in a report on Wednesday, although its sister metal palladium is tipped to see another deficit. Platinum demand fell nearly 7% last year, with sharp falls seen in Japanese investment and Chinese jewellery buying as well as a slowdown in consumption by carmakers, who use the metal in catalytic converters, the company said.
 
 
 
 
 

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