by Geoff Candy, Mineweb
GEOFF CANDY: I am joined now by Dr. Jonathan Butler, he is the publications manager at Johnson Matthey and they have just released their Platinum Survey 2012. In 2011,total demand for platinum rose 2% while supply rose to a four-year high, up 7% in total. What were there drivers behind those two moves?
JON BUTLER: The main reason that supply rose last year was a combination of higher output in SA and also a ramp up to full production at operations in Zimbabwe and also North America. And, its interesting, if we look at South Africa, because underlying production actually fell but, because of a drawdown of stock, that is refined and pipeline material toward the end of last year we actually saw output in total grow in South Africa. Which helped to move the market into a surplus last year.
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