In 2015, GFMS sees global supply of both metals rising as South Africa's output returns to a "level of neutral buoyancy." That, coupled with a moderate rise in recycling, is expected to increase total platinum and palladium supply by 13 and 5 percent year-on-year, respectively. The firm also expects demand to grow for both metals. Here's a look at some highlights from the survey, including what happened with platinum and palladium supply and demand in 2014 and what GFMS expects to see in the future. Platinum in 2014 Platinum production dropped by 21 percent in 2014, hitting a 15-year low of 4.7 million ounces. That led to the supply-side shortfall mentioned above and pushed the market into a 1.02-million-ounce deficit. The estimated loss in platinum production during the 22-week strike period was 1.36 million ounces. Supply from jewelry scrap rose by 5 percent in 2014, reaching 520,000 ounces. Most gains came from China and Japan, where supply rose 7 and 4 percent, respectively. Autocatalyst scrap grew by 1 percent and hit 1.06 million ounces, its highest recorded level. Global vehicle production also saw a boost in 2014, rising 2 percent, to 90.5 million units.