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Gold/Mining/Energy : Platinum Group Metals (PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (369)	5/16/2000 12:40:00 PM
From: Ptaskmaster	Read Replies (1) \| Respond to of 529

Crosscurrents in PGM supply and demand.- S. Africa's Amplats to up platinum output to 3.5 mln oz in 2006 New York--May 15--South Africa's Anglo American Platinum Corporation (Amplats) plans to increase its platinum production from the 1999 level of about 2 million ounces to 3.5 million ounces by the end of calendar year 2006, the company said in a press release. The move comes in reaction to better jewelry, industrial and autocatalyst demand. (Story .23190) ----snip---- Johnson Matthey: Platinum demand up by 4% in 1999 to 5.6m oz London--May 15--Platinum demand in 1999 rose by 4% to 5.6 million ounces, helped mainly by the 2.88 million ounces consumed by the jewelry industry, according to Johnson Matthey's Platinum 2000 report. Total supply of platinum fell by 10% to 4.87 million ounces--the lowest level since 1994--due in part to the large fall in Russian sales to 540,000 ounces because of legal complications, and despite a 6% rise in South African sales. (Story .14716) ----snip---- Johnson Matthey: Palladium demand at record 9.37 mln oz in 1999 London--May 15--Demand for palladium was a record 9.37 million ounces in 1999, driven mainly by purchases by auto companies--5.88 million ounces--according to Johnson Matthey's Platinum 2000 report. As a result, demand exceeded supply by 1.31 million ounces. A quarter of the shortfall was met by sales from the U.S. defense stockpile, although heavy selling by funds which liquidated large holdings is also thought to have taken place, Johnson Matthey said. (Story .14749) All from Bridge News this date crbindex.com