Outgoing Implats CEO Terence Goodlace can see a platinum supply cliff ahead, concurring Northam Platinum CEO Paul Dunne has put growth projects in place to supply into the rising price environment market that the supply shortage will create and the World Platinum Investment Council foresees a 2016 in which the platinum deficit widens to 520 000 oz. South African platinum mines, which peaked at 5.5-million ounces of mined platinum in 2006, are expected to produce only a smidgen above four-million ounces of primary supply this year to keep the market out of balance. At the same time, growth in recycled supply is set to remain muted and demand of 8.25-million ounces remains the same.