SHORTAGES of platinum and palladium will contract from record levels as South African supplies rebound after last year’s mines strike and investors sell, according to Johnson Matthey. Palladium is set to record the smallest shortfall in four years, while platinum will come the closest to a balanced market in three years as recovering supplies offset growing demand from car makers, data show
. Palladium’s deficit will contract to 100 000 ounces this year, down from 1.8 million ounces in 2014. For platinum, the shortage this year is estimated at 285 000 ounces. – Bloomberg