Platinium Jewellery Recycling falls 5 percent to 20.5 tons

New York (June 19)  Platinium Jewellery Recycling weakened by 5 percent in 2017 to 0.66 million ounce (20.5 tons), the lowest level since 2009, according to GFMS Platinum Group Metals Survey 2018.

 Weaker platinum prices were largely to blame, reducing the incentive to sell back old jewellery.

 The biggest falls were seen in Japan and China which retreated 7% and 4% respectively although most markets saw a decline last year with the exception of North America, whichinched 2% higher, and our Other Regions category, which recorded a double-digit increase, albeit from a very lowbase.

 Despite an uptick in autocatalyst recycling and resilientmine production, platinum supply was tempered by a fallin jewellery scrap, leaving total supply almost unchangedin 2017.

 On the demand side offtake was slightly weakeras stronger industrial demand was more than offset byfalls in jewellery and retail investment, leaving the overallmarket in aPhysical Deficitfor the fourth consecutiveyear at 0.05 Moz (1.6 t).

ScropRegister

Silver Phoenix Twitter                 Silver Phoenix on Facebook