Thomson Reuters today released “GFMS Platinum & Palladium Survey 2015”, looking at the shifts and developments in the global Platinum Group Metal markets, their fundamentals and their drivers, over the past year and setting the scene for future.
Demand fears continue to restrict the extent of upside moves, whilst supply disruptions at the mine level have more recently provided a floor to prices following the early-year sell-off.
CEO Andrew Mackenzie announced the firm would cut capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.