IIR Industry Alert: Global Platinum Shortage Sees Production Surge And Palladium Sidelined

Platinum has outstripped palladium, which is an effective catalyst only in petrol engines and cannot match platinum's dual effectiveness in petrol and diesel engines.

HOUSTON- July 10, 2002 -- Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). After peaking at $1094 an ounce and then falling to around $400 an ounce in the last 12 months, Platinum seems now to be on an upward trend moving up to and near the $550 mark. Angloplat (Anglo American Platinum) (JSE) (Johannesburg), along with other producers, plan to boost production by 1.5 million ounces by 2006 bringing the companys total output to 3.5 million ounces by 2006. This is in response from surging demand from automakers.

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