SMM7 March 28: Anglo-American Platinum Co., Ltd. (Anglo American Platinum Ltd.) said recently that with the recovery of demand in the automobile market, the palladium market is expected to be in short supply in the second half of the year.
Craig Miller, the company's chief financial officer, said shortages of palladium and rhodium would persist as the epidemic affected production, which would continue to support prices. In Europe and China, stricter vehicle emission standards will also boost demand for platinum group metals, and the government will take stimulus measures to revive the economy.
However, due to supply disruptions at South African mines, platinum is expected to be slightly short this year and return to surplus by 2021, according to CEO Natascha Viljoen.
According to public data, Anglo-American Platinum Co., Ltd. is the world's largest primary producer of platinum, accounting for about 38% of the world's annual supply. Most of the group's operations are located in South Africa, in the north-west and north-east of Johannesburg. Most of the company's business is conducted in Bushveld Igneous Complex, which contains a range of mineral commodities, including chromium, vanadium, titanomagnetite and platinum group metals.
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