Analysts slash platinum and palladium forecasts amid global slowdown

Mining News Pro - Analysts and traders have sharply lowered their price forecasts for platinum and palladium as a global economic slowdown reduces demand, a Reuters poll showed on Wednesday.

How platinum can help clean up wastewater, make it potable

Mining News Pro - Researchers at the University of Southern California have found that platinum is a key ingredient to help clean even the most stubborn toxins from wastewater.

Russia stake in biggest Zimbabwe platinum project deters backers

Mining News Pro - Zimbabwe’s biggest platinum project, struggling to get off the ground for the past two years has a new challenge. A major stake held by a Russian tycoon is scaring off potential financiers for the $3 billion mine, people with knowledge of the matter said.

Johnson Matthey predicts smaller platinum surplus, palladium, and rhodium deficits

Mining News Pro - A surplus in the platinum market should shrink this year and the palladium and rhodium markets are likely to move back into deficit, Johnson Matthey said in a report on Monday.

Gangs stealing cables miles underground torment South African platinum mines

Mining News Pro - South African miners are battling a growing threat miles underground in the world’s deepest platinum shafts: Gangs stealing copper cables and disrupting operations.

Platinum catalyst may be the key to reducing methane emissions

Mining News Pro - Researchers at Iowa State University, Purdue University and Johns Hopkins University have found and tested a catalyst technology that appears to be safe and efficient to keep methane out of the atmosphere and make use of the greenhouse gas.

Platinum offering good relative value as investment

Mining News Pro - Platinum is viewed as an investment case for the moment and is offering good relative value, says Northam Platinum CEO Paul Dunne.

Northam Platinum’s headline earnings soar 215%

Mining News Pro - The normalised headline earnings of platinum group metals (PGMs) mining company Northam Platinum soared by more than 215% to R10.9-billion in the 12 months to June 30.

Green 175 MW power for Sibanye-Stillwater platinum group metal mines

Mining News Pro - A total of 174 MW of clean, green renewable power is on the way for Sibanye-Stillwater’s platinum group metal (PGM) mines in South Africa.

Platinum-group prices are being hammered by the chip shortage

Mining News Pro - The shortage of semiconductors is clobbering the price of platinum-group metals as investors brace for a long-lasting hit to car production.

Palladium’s rally threatened by automakers' pivot to platinum

Mining News Pro - Arally in palladium that’s seen it more than triple in value since mid-2018 looks to be nearing its end as demand headwinds build.

High-flying Anglo Platinum’s stakeholders receive nigh-R40bn boost

Mining News Pro - The strong operational and financial performance of platinum group metals (PGMs) company Anglo American Platinum in the six months to June 30 translated into nearly R40-billion worth of benefits for stakeholders including the fiscus, local and doorstep suppliers and communities.

Branded platinum jewellery collections to play increasingly important role in driving demand growth

Mining News Pro - Platinum marketing organisation Platinum Guild International’s (PGI’s) July Insight report shows that strong and meaningful branded platinum jewellery collections, with innovative designs, are more appealing to consumers and provide a greater emotional value to the jewellery.

Platinum use in vehicle emissions control systems increasing as new regulations kick in

Mining News Pro - Automotive demand for platinum is expected to grow by 25% year-on-year to reach almost three-million ounces this year, the World Platinum Investment Council (WPIC) reports.

Platinum giants get lifeline as green economy boosts demand

Mining News Pro - The world’s biggest platinum miners have been handed a lifeline as the introduction of tougher vehicle emissions rules from Asia to Europe stimulates demand.

Platinum’s high-flying stocks set to extend Johannesburg gains

Mining News Pro - The blistering pace of gains that has pushed South African platinum stocks to the highest in more than 12 years looks likely to be sustained as an upswing in demand and supply constraints fuel the rally.

Strong investment demand sustained platinum in the fourth quarter of 2020

Mining News Pro - For the third consecutive quarter, platinum remained in a deficit, at 170 000 oz, in the fourth quarter of 2020 as strong demand in the automotive, industrial and jewellery sectors and sustained strong investment demand for platinum outstripped constrained supply, the World Platinum Investment Council (WPIC) says in its latest `Platinum Quarterly`.

Royal Bafokeng Platinum delivers top performance, declares maiden dividend

Mining News Pro - Platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) on Tuesday reported a record performance and declared its maiden dividend on the back of a 2 734.2% increase in 2020 headline earnings to R3.5-billion.

Global decarbonisation rapidly upping demand for Anglo American Platinum products

Mining News Pro - Platinum group metals mining and marketing company Anglo American Platinum said on Monday that it was poised to deliver the next phase of value for its stakeholders as decarbonisation efforts increase the long-term demand for its metals.

Anglo American Platinum’s net cash soars, record earnings, R9.4bn dividend

Mining News Pro - Platinum mining and marketing company Anglo American Platinum on Monday reported record annual earnings, soaring cash and a 72% return on capital employed, resulting in a dividend payout of R9.4-billion.

Platinum group metals take another step closer to use in battery electric vehicles

Mining News Pro - Platinum Group Metals (PTM) and its subsidiary Lion Battery Technologies reports that the US Patent and Trademark Office has issued a second patent to Florida International University (FIU) related to the use of platinum group metals (PGMs) in lithium batteries.

Sibanye makes another bold call on platinum price

Mining News Pro - The world’s No. 1 platinum miner said the price of the metal could climb more than 80% over the next four to five years as the global economy recovers and supply dwindles.

Eastplats’ Barplats delivers first shipment of pressed filter cake platinum group metals

Mining News Pro - Eastern Platinum (Eastplats) reports that, during December, its subsidiary Barplats Mines delivered its first shipment of pressed filter cake PGMs concentrate under an existing offtake agreement between Barplats and Impala Refining Services.

Cobalt may substitute platinum in fuel cells

Mining News Pro - A team led by researchers at the Pacific Northwest National Laboratory in the United States designed a highly active catalyst that contains cobalt interspersed with nitrogen and carbon and, thus, doesn’t rely on platinum to spur the necessary chemical reaction.

Investment approval for platinum mine’s solar project expected early next year

Mining News Pro - Investment approval for the solar project at the Mogalakwena platinum group metals (PGMs) mine in Limpopo is expected in the first quarter of next year.

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