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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.

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