Those investors who recently quite skeptical obituaries about the metal market again directs it loo

Those investors who recently quite skeptical obituaries about the metal market again directs it looks, particularly for platinum and palladium. Workers' strikes obituaries platinum mines and platinoid growing demand in Asia could lead to platinum obituaries and palladium deficit not only in 2014 but also a few more years in the future.
The growing medium-class Chinese are buying more and more domestic production of cars, thus increasing the demand for platinum, which is used in the automotive industry producing the catalyst. Over the past 10 years the catalytic converter production obituaries caused by the demand for platinum reached 40-50% of world demand. This metal catalysts help to effectively remove solid car exhaust particles. 95% of new cars are equipped the technology catalysts. In 2013 the world's automobile production increased by 4% and amounted to almost 89 million. pcs. In the light of IHS Inc. Projections up to 2018 car output will reach 100 million. pcs. per annum, ie over 5 years will increase by 12%. Most of that growth will have to Asian countries, not the United States.
China's automobile production is steadily growing. Since 2000, when China accounted for only 4% of global car production, its market share in 2013 rose by an impressive 25%. Car sales in China's domestic market will continue to grow as the population willing and able to become car owners, the number increasing steadily. The Chinese government recently has taken serious measures to reduce air pollution in cities. obituaries For example, last year China approved new, much stricter automobile exhaust gas composition standards. In applying these standards, car manufacturers lead to improve the efficiency of the catalyst, and for this purpose uses more platinum. In 2013 alone, China's obituaries platinum consumption in the automotive industry increased by 33%.
65% of currently sold worldwide jewelery - are products of platinum or its alloys, and the demand for them continues to grow. The largest consumer of platinum jewelry obituaries - India. High duties for gold led to the metal prices, due to a strong increase in demand for platinum in the country and even led to a deficit of this metal. Over the past 10 years of platinum jewelery market in India has grown annually by 30-50%, and this year expected growth rate of 35%.
At a time when Asia is purchased in the form of pure platinum, Western investors are more inclined to buy platinum investing in a mutual fund. The first one occurred in 2013 in Johannesburg, investors re-evaluate its merits. Given the growing platinum demand in world markets, it is realistic to expect that the fund's assets grow rapidly.
Strong increase in global platinum demand for this metal on the market situation became quite tense. Platinum reserves are very low compared to gold or other precious metals reserves. For example, over the last 10 years the world's gold was obtained 13.5 times, and silver as much as 100 times greater than platinum. The metal suppliers - South Africa and Russia. If these countries mining companies faced with certain operational problems, metal supply the world market suffered serious disruption.
South Africa with this kind of problems already faced. At the beginning of 2014. More than 70 thousand. South African workers launched a general strike to protest against the difficult working conditions in the mining companies like Anglo American Platinum, Impala Platinum and Lonmin. Strikes lasts until now and because of platinum production in the world fell by 40%.
Another risk factor - the political tensions obituaries between Russia and the US and the EU. Because of these differences can be reduced platinoid supply from Russia. It should be remembered that Russia is the largest palladium producer obituaries in the world, obituaries and Russia threatening new sanctions in the face of the market price of palladium reached in May 2011. highs.
Given the fact that the effectiveness of the use of palladium compared to platinum, obituaries is much lower, and the price of palladium market is growing rapidly in the near future, it is realistic obituaries to expect obituaries platinum and all platinoid further obituaries price increases.
Information agency Thomson Reuters GFMS predicts that this year the platinum deficit amounted to 700 thousand. oz. As a result, the metal end of the year could rise to 1,700 US dollars per ounce. British high-tech company Johnson Matthey (producing a catalyst for the automotive industry) as well as pro-pessimistic (or optimistic, her look of investor positions). It forecasts that platinum deficit in 2014 will reach 1.2 million. ounces and is the largest deficit since 1975.
Taking all the above mentioned considerations, it must be concluded that there is sufficient fundamental indicators to support the platinum price growth forecast for this year. Those investors who have gold in their portfolios should seriously consider development