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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