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Platinum in desperate need of a game changer

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By Christy Filen

Unless there is a real, game-changing shift in South African production, there is a danger of the structural surpluses now present in the platinum market becoming ‘hardwired’ into the system.

This is the view of Paul Walker, head of Precious Metals at Thomson Reuters GFMS, who says there is a degree of rigidity on the supply side that is likely to persist while there is nothing to denote a game changer in terms of demand.