Agence France-PresseMay 13, 2013 12:45
Platinum production sank last year by 13 percent, hitting a 12-year low due to unrest in key producer South Africa, but output is forecast to recover slightly in 2013, industrials group Johnson Matthey said on Monday.
Platinum output slumped in 2012 to strike 5.64 million ounces, Johnson Matthey said in its closely-watched annual market review. That was the lowest level in 12 years and compared with 6.48 million ounces in 2011.
Total platinum demand dipped 0.6 percent to 8.05 million ounces last year, while recycling of platinum stood at 2.03 million tonnes.