Zimplats to offer voluntary job cuts after platinum price rout

Nornickel's 2023 net profit and revenue declined due to low metal prices.

Under the agreement, initial production from Crean Hill would be shipped to Vale's Clarabelle mill in Sudbury for processing.

According to analysts at Macquarie, demand for both platinum and palladium from the auto sector will start falling beyond 2025.

South Africa has abundant supplies of raw materials vital for the manufacture of lithium-ion batteries.

The miner's headline earnings declined to $158.5 million in the six months to December 2023.

Government says it’s considering how to handle offtake agreements that function as loans or investments by China in Canadian mining companies as it continues to clamp down on critical mineral transactions.

The nation’s platinum sector — which accounts for about 70% of global output — has been a key export industry.

Platinum demand surged 25% in 2023, seen down 6% in 2024.

CEO Neal Froneman said Sibanye may consider a capital raise if the lower metal prices persist for longer.