After a number of challenging years in which the SA platinum group metals (PGMs) industry was in crisis, its leading producers posted record results in 2020. But while a fortunate confluence of strong prices and a weak exchange rate was fundamental to the turnaround, a far deeper resilience is being built by better strategies and significant investment to keep the winning streak going.

These interventions can be grouped into four major focus areas, each of which gives a specific insight into SA’s major PGM players, including Anglo American Platinum, Impala Platinum and Sibanye-Stillwater...

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