Global Market Platinum Supply-Demand Gap Widens 27% Due to Labor Strikes

JOHANNESBURG--December 5, 2014--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--More than five months of wage strikes this year in South Africa's platinum belt were the main cause of a 27% jump in the metal's supply deficit over 2013, according to the World Platinum Investment Council (WPIC). The supply-demand gap widened to 885,000 ounces (oz) this year, the WPIC said in a new report.

Within this article: Overview of global platinum market conditions.