Boosted by stockpile sales - Johnson Matthey JOHANNESBURG (Reuters) - Supply of platinum from South Africa, the world's top source of the precious metal, will rise by 5 percent this year, with the sale of stocks countering lower output, a leading metal refiner said on Tuesday. The producer of four fifths of the world's platinum, will see supply rise by 210,000 ounces to 4.73 million ounces in 2009 mainly due to sales of the metal produced last year, but were unsold until this year, Johnson Matthey (JM) said in its Platinum 2009 Interim Review. Although three new mines have started up in South Africa, and a number of others have increased production, output of platinum concentrate will fall, but changes in refined stocks will ensure supplies will increase, JM said. [Read more...]

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