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All told, Thomson Reuters GFMS is predicting at least a 700,000-ounce physical platinum deficit this year. It projects that platinum will pass $1,700 per ounce by the end of 2014, a 18% increase from today's price.
This statistic displays the average cost of production of platinum worldwide in 2013 and 2014, by selected region. In 2013, the cost of producing platinum in South Africa reached 1,272 U.S. dollars per equivalent ounce. Exclusive Premium statistic. You need a Premium membership to access this statistic.