Why platinum prices are bad when demand is good must be transparently investigated
When demand for a commodity is good, the price of that commodity is generally good – but not in the case of platinum. Every platinum mining company you speak to reports robust demand but pricing that is shrinking the industry. Why this is so needs to be thoroughly and transparently investigated. The platinum group metals business is a major contributor to the South African economy and a significant provider of direct and indirect jobs.
Yet it is being allowed to die on its feet. What is urgently needed is an open study into why prices are so low when the supply shortfall is beyond the million-ounce level. The study must tell us where prices are set, why they are set there, and how it is possible for this price setting to defy universal demand-and-supply principles.
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