×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Shares in Anglo American Platinum, Impala Platinum and Sibanye-Stillwater rose to record highs in March. Then they retreated, hard. But with a risk premium being attached to palladium — which Russia produces in abundance — it’s hard to tell if we’re at the top, or in a lull in respect of platinum group metal (PGM) shares.

For now, there’s no avoiding Russia’s influence. It controls about 38% of palladium output, so  sanctions imposed in condemnatory response to its invasion of Ukraine would be a price-altering development. So far there’s been no indication of PGMs falling into the sanctions net. But on April 8, the London Platinum & Palladium Market (LPPM) suspended two government-owned Russian platinum refiners from its good delivery and accreditation list. This followed a similar ban on certain PGM bands delivered by Russian refiners by the CME Group/Nymex exchange...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now