Demand for platinum is on track to grow 27% to 8.2 million troy ounces in 2023.

African Rainbow Minerals is seeking lithium and copper acquisitions but is concerned about "crazy money" being paid for metal assets.

Rhodium has dropped more than two thirds in 2023 so far, while palladium is down 31% this year.

The blocks are for minerals including nickel, lithium, cobalt and platinum, along with rare earths.

The emerging global hydrogen supply chain is essentially “made of platinum,” says Bank of America Global Research commodities strategist Michael Widmer.

Company expects its half-year profit to fall by as much as 53% due to weaker PGM prices and lower output from its US operations.