(Kitco News) - Analysts say the supply/demand deficit for palladium will deepen this year as a result of a furnace explosion at an Anglo American Platinum plant, while the cutback will probably erase a surplus that had been expected for platinum.
One bank, BMO Capital Markets, issued a report early Wednesday hiking its price forecasts for platinum group metals in 2020.
Amplats, the world’s second-largest platinum producer, declared a force majeure Friday and cut its guidance for output of platinum group metals after an explosion resulted in the shutdown of Anglo Converter Plant processing facilities in South Africa..