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.

Northam increases shareholding in Zambezi Platinum to 80%

Mining News Pro - Platinum group metals miner Northam Platinum has acquired an additional 2.83-million preference shares in Zambezi Platinum.

Platinum jewellery performs well in the third quarter

Mining News Pro - Platinum jewellery performed well in the four key international platinum jewellery markets of China, India, Japan and the US in the third quarter, Platinum Guild International`s (PGI’s) Platinum Jewellery Business Review (PJBR) for the period has found,.

Platinum council says hydrogen momentum will continue to bolster PEM demand

Mining News Pro - This week has seen the launch of the first-ever European Hydrogen Week from November 23 to 27, a series of events showcasing the key role hydrogen is expected to play in reaching the European Union’s (EU) “European Green Deal” objectives.

Platinum deficit to reach 1.2 million ounces in 2020

Mining News Pro - Despite strong quarter-on-quarter recovery in supply, the global platinum market is set to experience a second consecutive year of deficit at just over 1.2 million ounces in 2020, according to the World Platinum Investment Council’s (WPIC) latest quarterly report.

Platinum investment demand rockets on risk and hydrogen

Mining News Pro - Platinum investment demand rocketed 291% in the three months to September 30, World Platinum Investment Council (WPIC) reported on Wednesday, when it forecast a third consecutive annual platinum deficit next year on an initial projected 2021 deficit of 224 000 oz.

Gemfields sells minority indirect interest in Pilanesburg Platinum Mines

Mining News Pro - Gemfields has started a sales process for its 23.54% holding in Pallinghurst Ivy Lane Capital, which owns 27.64% of Sedibelo Platinum Mines (SPM), giving Gemfields an indirect interest in SPM of about 6.54%.

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