Quantcast
HomeNews Newsdetails
Submit your e-mail to get CommodityOnline Advisory and news daily!

Last Updated : 13 October 2012 at 15:15 IST

Platinum 270,000oz output shortfall to raise Palladium supply deficit: Deutsche Bank

Source :Deutsche Bank

  • 0

Deutsche Bank estimates a loss of about 270,000 ounces of platinum for 2012, which will raise palladium’s ultimate supply deficit

The moment that confidence in the U.S. Dollar eventually breaks, the opportunity to buy si...
The three factors mentioned below are weighing on the prompt month crude oil futures and s..
That is a tough call. Copper has always been considered an indicator of future economic st..
Trading-tips
  • Commodity
  • |
  • Advise
  • |
  • Entry
  • |
  • Agency
  • Commodity
  • |
  • Contract
  • |
  • Trend
  • |
  • Pivot Point
  • Rubber
  • June
  • Sideways to Bearish
  • 16820
  • Turmeric
  • June
  • Sideways to Bullish
  • 5939
  • Soy Bean
  • June
  • Sideways to Bullish
  • 3907
Fundamentals
  • US Beef production declines to push Beef exports lower in 2014
  • Continued year-over-year declines in U.S. beef production are expected to push beef exports lower..

  • More >>
  • Astrology
  • Sun can push Crude Oil down any time: Astromoneyguru
  • By Col. Ajay
    As per financial astrology, transit OD Sun in Saturn house is ..

  • More >>
  • LONDON (Commodity Online): South Africa’s labor issues have affected the country severely, with over 90,000 of South Africa’s miners or 30% of the workforce in the mining sector are now on strike,, said Deutsche Bank in a commodity research note.

    Of all the resources, platinum has been hit the hardest. “We estimate that 28% of South African platinum production or 17% of global production has been affected,” they say. It’s possible the output losses could push platinum prices to trade at a premium to gold, the the largest German bank added.

    Also, the labor issues could affect gold more as supply constraints start to become a more important issue. They estimate that over a third of South African gold production or 2.5% of global production has been affected. Palladium has been less-impacted by the South African strikes, the bank notes.

    “We estimate a loss of about 270,000 ounces of platinum for 2012, which will raise palladium’s ultimate supply deficit,” Deutsche Bank concluded.

    Add Your Comments

    Post to twitter
    Post to facebook
    Comments