PGM miners feel pinch of lower prices
The one thing we were surprised by is the rate at which the prices have declined, says Implats CEO Nico Muller
03 September 2023 - 07:05
After bumper earnings at the height of the Covid pandemic, precious metals companies are feeling the pinch of cooling platinum group metals (PGM) prices and faltering profits.
Weaker palladium and rhodium pricing, coupled with lower sales volumes, had a knock-on impact on Impala Platinum (Implats) and Sibanye-Stillwater, which reported posted financial results this week...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.