Platinum sector to step up intensity of talks regarding minting a Mandela Platinum coin along the lines of the Krugerrand THE platinum sector is going to step up the intensity of talks with the Reserve Bank and the Treasury regarding minting a Mandela Platinum coin in South Africa along the lines of the Krugerrand, one of the most popular gold coins in the world.Major platinum producers in South Africa will also speak to those two departments in coming months about the possibility of making platinum a reserve asset to be held alongside gold, said group executive of marketing at Impala Platinum Derek Engelbrecht.These discussions are part of the platinum sector’s efforts to stimulate demand for platinum and ease reliance on the autocatalyst sector, where demand is increasingly being met by recycling of old autocatalysts.The recycling of autocatalysts provides about 2-million ounces of platinum a year, which is roughly half of the production from South Africa, and that source of metal...
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