PRINCE MOPAI: Has the recent poor performance of PGMs created a short-term buying opportunity?
The profitability and share price performance of PGM producers could continue to fall as prices for these metals remain under pressure
14 July 2023 - 05:00
The SA platinum group metals (PGM) sector enjoyed a spectacular run between May 2017 and May 2021, supported by significant increases in the price of palladium and rhodium. Palladium prices increased fourfold and rhodium 30-fold.
The robust price performance was underpinned by favourable supply and demand drivers, with demand increasing on higher loadings in autocatalytic converters to meet increasing carbon emission standards globally...
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