Today I prepared Platinum macro data charts to show industry development for the last decade.
Supply And Demand
Chart: Aibek Burabayev; Data Source: Johnson Matthey, LBMA
In 2004 at the beginning of the review period, supply and demand were ideally balanced at the 7.2 million ounces (Moz) mark at $861/oz price. A year later, both Platinum supply and demand showed decent growth, 2005 outweighed 2004 for 0.7 Moz on the supply side and 0.8 Moz in demand; the price had a modest gain of one hundred dollars. [Read more...]