Outlook for the Price of Platinum

Introduction

The aim of this report is to forecast the future price of platinum using both macroeconomic and mircoeconomic principles. The factors influencing supply and demand of platinum will be looked at, and a regression analysis forecast done.

Factors Affecting Supply

As shown in graph 1, South Africa is the largest producer of Platinum (79%) followed by Russia (12%) and North America (5%). Supply from regions outside of South Africa has remained relatively stable over the past ten years, with any increase in supply primarily driven by South Africa. For this reason, only factors influencing South Africa’s ability to supply the market will be looked at

We expect global platinum supply deficit to increase in 2008 in light of the current skills shortage and energy crisis in South Africa. Metals analyst at HSBC, Victor Flores, predicts that global platinum supply deficit will increase in 2008 by approximately 0.5 million to 2......

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Title: Mr
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