WPIC raises 2015 Platinum deficit forecast to 445000 oz
Demand for the year is expected to increase by 4% year-on-year to 8.36-million ounces, owing to higher investment demand of 310000 ounces on the back of higher platinum bar sales in Japan and "substantial" exchange-traded fund (ETF) buying in South Africa.
Sylvania Platinum posts $1.7 mn net profit for FY15
Net profit rose due to a 1.2% revenue increase to $48 million during the period, reflecting a 7% rise in output to 57,587 platinum group of metal ounces that beat its revised guidance of between 55,000 and 57,000 ounces for the year.
Anglo American Platinum output up 60% Y/Y in Q2
Refined platinum production increased by 33% to 561,000 ounces, following a return to normal production after the industrial action in H1 2014. Refined palladium and rhodium also increased for similar reasons.
South Africa's mining output growth slows in May
The highest positive production growth rate was recorded for platinum-group metals (PGM), which grew by 99.6%, partly as a result of the low base in May 2014, when the PGM sector was adversely affected by industrial action.
Anglo American Platinum production climbs in Q1
The company's refined platinum production increased during the first quarter by 25% to 542000oz compared to the strike affected Q1 2014. Refined palladium and rhodium output also increased during the period, advanced to 348000oz and 65000oz respectively.