Structural Supply Deficit Coming in Platinum

Boom will be similar to previous cycles – Dunne.

by Warren Dick
Mine Web

Northam Platinum’s CEO, Paul Dunne, is convinced the world will begin to see the nature of the structural deficit looming in platinum as a result of diminishing primary supply from southern Africa, a situation that will present itself with rapidly adjusting prices.

“I’ve lived through a couple of these cycles, and the next one will be no different,” he told media following the presentation of results for the full year ending June.

While most of Northam’s peers in the platinum industry have kept themselves busy over the last year trying to contain costs and generate satisfactory returns – which has frequently resulted in lower production – Northam by contrast has been gearing up for growth.

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