Platinum remains oversupplied on lack of production discipline, especially in South Africa. Provided miners eliminate 300 000 oz to 400 000 oz of yearly supply, platinum could rally, Bank of America Merrill Lynch said at the yearly Prospectors and Developers Association of Canada convention, in Toronto, last month. South African platinum producers have been cutting back and hard-pressed Lonmin reiterated last week that it had cut 150 000 platinum ounces a year out of the market by halting its promising K4 project along with three other shafts. The tough new circumstances confronting platinum companies demand business unusual to ensure that the platinum price takes off once more. But, as things stand, it remains a prisoner of its low price.