Platinum, Palladium Are Heading for Deficit in 2012, HSBC Says

Platinum and palladium supply will fall short of demand this year, according to HSBC Holdings Plc.

Platinum will swing to a 163,000-ounce deficit in 2012 after a 313,000 ounce surplus last year, analysts James Steel and Howard Wen said in a report today. Palladium will post a 452,000 ounce deficit in 2012 and 574,000-ounce shortage next year, after a 974,000 ounce surplus in 2011, they wrote.

To contact the editor responsible for this story: Maria Kolesnikova at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.