Implats shares slide amid concerns over PGM outlook and higher input costs
01 September 2022 - 09:48
UPDATED 01 September 2022 - 20:13
Impala Platinum’s (Implats’s) share price fell as much as 10% on Thursday, the most since June 2020, after the world’s third-largest platinum group metals producer reported a 17% fall in full-year profit as commodity prices came off the boil while its input costs surged.
The share price slump saw R14bn wiped off the company’s market value at one stage, before the stock staged something of a recovery late in the day...
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