Diversified miner African Rainbow Minerals (ARM) is looking to cash in on platinum group metals (PGMs) with its purchase of the Bokoni Platinum  mine even as the automobile sector — traditionally a major consumer of the precious metals — embraces electric vehicles.

The R51.4bn company said in its earnings statement for the year to end-June that a recovery in autocatalyst demand and tightening emission standards were expected to drive demand for PGMs in the short to medium term, and that constrained growth in supply would support prices...

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