Global

Details

  • Industry: Energy & Natural Resources
  • Type: Business and industry issue
  • Date: 6/13/2012

Platinum Q1 2012 – June 2012 

Escalation of the eurozone sovereign debt crisis in 2011 resulted in an excess supply of platinum in the market, which led to a decrease in the prices of the metal. The prices of platinum, which have historically remained above the prices of gold, declined to lower than the gold prices in September last year. However, supply-side concerns in South Africa and improving global motor sales helped platinum prices to overtake gold prices in the second half of March 2012, but the average for the first quarter of 2012 remained below the average gold price.

Platinum Q1 2012 – June 2012
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