NEWS ANALYSIS: Implats’s Canadian acquisition tightens SA’s grip on global PGM supply, mitigates risk
The country now needs supply discipline as it controls more than 80% of platinum and its attendant metals
08 October 2019 - 20:28
As SA’s control over the supply of global platinum group metals (PGM) tightened with Impala Platinum’s (Implats) R11.4bn bid for a Canadian miner, its discipline in providing sensible amounts of metals to the market came under scrutiny.
SA, home to 80% of the world’s known PGMs, has long held the number one position in supplying the metals, which are mainly used in industrial applications, with platinum the exception because it is used to make jewellery, coins and bars held for value...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.