[miningmx.com] – THE future of platinum remained clouded with a further deterioration in the price potentially forcing producers to operate ‘under water’, said BDLive citing a report by Nomura International’s Peter Attard Montalto.
On a positive note, costs at platinum mines had not yet been outpaced by the weaker rand. “There is still room to manoeuvre, albeit preciously little,” he said.
Although platinum would be in deficit for 2014, the following year could see the market move into a net surplus forcing the price down. “We see a crunch on the horizon,” Attard Montalto said.
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