Thomson Reuters GFMS Platinum Market News:
Date of Release: 4th May 2012
IMPORTANT NOTE: The following is for informational purposes only and was developed by Thomson Reuters GFMS. It does not take into account the investment objectives, financial situation or particular needs of any particular person. Information is from sources believed to be reliable, but is not guaranteed as to its accuracy or completeness. Opinions and estimates are the judgment of Thomson Reuters GFMS and are subject to change without notice. Distribution of this information does not constitute agreement with, or an endorsement of, the views expressed. Obviously, future outcomes are impossible to predict with certainty. Investors should obtain advice based on their own individual circumstances and understand the risks before making any investment decisions.
Anglo american Platinum saw refined platinum production reach 402,800 ounces in the first three months of 2012, 24% lower year-on-year. refined output of palladium and rhodium fell by 18% and 37% respectively. full year production guidance of refining and selling between 2.5 Moz and 2.6 Moz remains unchanged.
Aquarius Platinum produced 97,802 PGM ounces in the first three months of 2012, down 20% from the same period a year earlier. The fall was attributed to the effect of the holiday season, ongoing safety stoppages and poor ground conditions.
Output from Zimplats rose by 6% year-on-year to 94,321 ounces, although fell by 2% quarter-on-quarter following an illegal strike and electricity cuts.
European car sales in March dropped to a 14-year monthly low, due to the ongoing sovereign debt crisis and poor consumer confidence. This marked the sixth straight month of declines, led by slumps in italy and france which overshadowed slight gains in Germany and the united kingdom.
The royal canadian Mint issued five 2012 Maple leaf forever coins, one of which is a one ounce platinum coin with a mintage of 250.
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