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Global Platinum supply from Recycling likely to grow to 1,900 koz in 2018

Global Platinum supply from Recycling likely to grow to 1,900 koz in 2018

December 6, 2017


LONDON (Scrap Register): Global platinum supply is forecast to slip by 1% to 7,755 kilo ounce next year as lower primary supply outweighs a gain in recycled metal, said World Platinum Investment Council.


Mine closures taking place during H2’17 will have a larger impact on production levels in 2018 (first full year of closure). Global refined supply is forecast to fall by 1% year-on-year to 5,855 kilo ounce, with South African output decreasing by 2% to 4,150 kilo ounce.Platinum production from Russia and North America is forecast to remain stable at 705 kilo ounce and 380 kilo ounce, respectively. Platinum supply from recycling is expected to grow by 40 kilo ounce (+2%) next year to 1,900 kilo ounce; of this, autocatalyst supply increases 35 kilo ounce to 1,325 kilo ounce, jewellery recycling expands 5 kilo ounce to 570 kilo ounce and industrial recycling stays flat at 5 kilo ounce.


Increasing amounts of diesel autocatalysts that are being returned for recycling contain diesel particulate filters with silicon carbide substrates which are more difficult for the recycling industry to process than cordierite substrates, and this is raising costs for the industry both to separate the material and to process it.The industry needs to become more adept at handling the silicon carbide substrates otherwise processing them could cause a bottleneck in the flow of material.In addition to passenger cars, growing numbers of light and heavy duty vehicles are reaching the end of their lives which is contributing to rising levels of platinum recycling in Western Europe and North America.