South African platinum rebound to push market into surplus, says Johnson Matthey

A wall of platinum production from South Africa coming back online following covid-19 disruptions is expected to offset demand growth this year and push the market into surplus territory, new data released by PGMs specialist Johnson Matthey show.

MINING.COM Staff Writer | May 18, 2021 | 10:46 am

Million-ounce palladium deficit will drive record prices, says Metals Focus

The roughly 10 million ounce-a-year palladium market will be undersupplied by around a million ounces in 2021 and the price will average $3,000 an ounce, up 37% from 2020.

Reuters | May 18, 2021 | 8:24 am

Miner earns eightfold gain striking palladium on city’s doorstep

Chalice plans to add supply to a palladium market that’s been in deficit for years due to high demand for the metal.

Bloomberg News | May 18, 2021 | 8:06 am

Platinum set for third year of deficit as industry demand surges

The roughly 8 million ounce a year market will see a shortfall of 158,000 ounces in 2021, WPIC says.

Reuters | May 16, 2021 | 9:36 pm

Nornickel resumes full operations at one of its flooded mines

The company's Oktyabrsky underground mine is back at its daily ore mining capacity of 14,100 tonnes after flooding.

Reuters | May 13, 2021 | 7:51 am

Russia should get firms to pay environmental fines from profits, says PM

Russian companies normally pay a 20% profit tax, of which 3% goes to the federal budget and 17% to regional ones.

Reuters | May 12, 2021 | 7:48 am

Mystery of sanctioned tycoon’s assets in Zimbabwe revival plan

In December, the government announced a multibillion-dollar project that would hold some of the nation’s most valuable gold, platinum, chrome and nickel mines.

Bloomberg News | May 11, 2021 | 8:30 am