Anglo American Platinum cuts view on plant closure

Posted by Alexandra Wexler

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Anglo American Platinum (Amplats) announced the temporary shutdown of the Anglo Converter Plant and declares “force majeur” following an explosion at its plant in South Africa.

Anglo American is the world’s third largest producer of platinum (“Pt”) and palladium (“Pd”)
Significant production curtailed due to shutdown, i.e. possible annualized cuts of 500K oz Pt and 300K oz Pd now forecasted for 2020
Platinum market expected to swing to deficit of 400K oz from surplus of 100K in 2020
Palladium deficit in 2020 now forecasted to increase from ~500K oz to ~800K oz (300K increase to forecasted deficit) Click here for full article.

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