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1. Summary and Price Outlook 5
• Platinum in 2017 6 • Palladium in 2017 7 • Outlook 9
2. PGM Prices 10
• Platinum & Palladium 10 • Rhodium 11
3. Investment 13
• Commodity Exchanges 13 • Retail Investment 14
4. Supply 17
• Mine Production 17 • Autocatalyst Recycling 22
• Jewellery Scrap Supply 24 • Above-Ground Bullion Stocks 24
5. Demand 27
• Autocatalyst Demand 28 • Jewellery 36 • Dental 41 • Electronics 41
• Glass 43 • Chemical 44 • Petroleum 45
6. Appendices 47
• Appendix 1 - Platinum Supply and Demand (ounces)
• Appendix 2 - Palladium Supply and Demand (ounces)
• Appendix 3 - Platinum Supply and Demand (tonnes)
• Appendix 4 - Palladium Supply and Demand (tonnes) |
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