Platinum metals face structural hit to demand from electric vehicle revolutionAccording to analysts at Macquarie, demand for both platinum and palladium from the auto sector will start falling beyond 2025.Reuters | March 20, 2024 | 10:30 am
Zimplats to offer voluntary job cuts after platinum price routZimplats did not say how many of the 8,000 permanent…Reuters | March 20, 2024 | 7:28 am
Implats’ Zimbabwe unit plans voluntary job cuts to contain costsWeak platinum group metal prices are projected to last for…Bloomberg News | March 18, 2024 | 12:44 pm
Anglo American to review assets after writedowns and profit plunge The miner has announced a $1.6 billion impairment charge on its De Beers diamond business owing to faltering demand. Reuters | February 22, 2024 | 9:51 am
TIMELINE: Anglo American’s efforts to tackle weak commodity prices Anglo American said it will review its assets after a 94% plunge in annual profit. Reuters | February 22, 2024 | 6:49 am
In election year, South African mines bleed cash, jobs The country's biggest mining investors are halting plans to spend billions of rand on new projects in response to a slump in profits. Reuters | February 21, 2024 | 7:54 am
Sibanye-Stillwater flags $2.5bn write-down on metals prices collapse Miner expects to report a 91% drop in annual profit for 2023 due to a sharp decline in metals prices and operational problems. Cecilia Jamasmie | February 21, 2024 | 5:52 am
Amplats plans to cut thousands of jobs after profit plunge Anglo American Platinum's profit plunged by 71% last year. Reuters | February 19, 2024 | 7:56 am
Sibanye-Stillwater, Heraeus team up to save palladium The miners will explore new uses for PGMs, particularly palladium, in the hydrogen market amid weak demand for the metal. Cecilia Jamasmie | February 15, 2024 | 5:29 am
Palladium price heads for biggest one-day gain in two months on short covering Last week, palladium had fallen below platinum for the first time since 2018. Reuters | February 14, 2024 | 9:48 am
Alaska Energy boosts contained nickel at Nikolai project to 8 billion lb. The new resource includes 813 million tonnes of indicated material grading 0.29% nickel equivalent. Staff Writer | February 12, 2024 | 9:20 am
Nornickel’s 2023 profit slumps 51% on falling metal prices Nornickel expects a further decline in its nickel and palladium output this year, due to geopolitical risks and postponed furnace repairs. Reuters | February 9, 2024 | 7:54 am