Platinum, palladium surplus seen in 2003, '04-group


NEW YORK, Sept 30 (Reuters) - Platinum supply has been growing faster than rising demand and is therefore projected to shift into a surplus in 2003 that could be as large as 199,000 ounces, precious metals research group CPM Group said Tuesday. In their 2003 platinum group metals survey, CPM forecast total demand will grow by 4.4 percent to 6,693,000 ounces. Mine supply will increase to 5,482,000, and including secondary supplies and Russian exports, total supply will increase by 9.9 ...

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