Chart of the week: platinum loses its shine

Platinum prices have ticked up from a seven-year low in January. But a slowdown in Europe may temper demand, and recycling has added to supplies and helped make up for production declines in South Africa.

811-COTW-platinum-1200

A slowdown in Europe may temper demand for cars with diesel engines, in which platinum is used for catalytic converters.The market is set to be in deficit this year, but above-ground stocks look ample.

Viewpoint

Neil Collins, Financial Times

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Andrew Van Sickle
Editor, MoneyWeek