Johnson Matthey Forecasts a 240,000 Ounce Platinum Supply Deficit This Year

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Johnson Matthey also believed that constraining factors such as skills shortages and safety stoppages would continue in the platinum industry in 2009.

South Africa which produces the bulk of the world's platinum production will probably see output increase "modestly" next year as a number of positives such as first significant production from new platinum mines and established mines' recovery from operating problems come into play.

Johnson Matthey said after forecasting a platinum deficit of 240,000 ounces for 2008 today, there would be a number of positives for South African platinum production next year, including three new mines, Blue Ridge, Pilanesberg and Smokey Hills that will deliver its first significant production.

The organisation's David Jollie said there were a number of other operations in the ramp up phase, such as Anglo Platinum's open pit expansion at PPRust and established mines such as Amandelbult that experienced operating difficulties this year.

However, Johnson Matthey also believed that constraining factors such as skills shortages and safety stoppages would continue in the platinum industry in 2009.

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