Bloomberg News

Platinum, Palladium Are Heading for Deficit in 2012, HSBC Says

March 12, 2012

Platinum and palladium supply will fall short of demand this year, according to HSBC Holdings Plc.

Platinum will swing to a 163,000-ounce deficit in 2012 after a 313,000 ounce surplus last year, analysts James Steel and Howard Wen said in a report today. Palladium will post a 452,000 ounce deficit in 2012 and 574,000-ounce shortage next year, after a 974,000 ounce surplus in 2011, they wrote.

To contact the editor responsible for this story: Maria Kolesnikova at mkolesnikova@bloomberg.net


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