Platinum Top Stories

Anglo American to sell De Beers, Amplats to fend off BHP’s bid

Anglo plans to focus on copper while spinning out or selling its less profitable diamond, platinum, coal and nickel businesses.

Cecilia Jamasmie | May 14, 2024 | 4:04 am

Anglo American rejects BHP’s revised $43 billion proposal

Anglo American stated that the new offer was "highly unattractive"…

Staff Writer | May 13, 2024 | 8:21 am

Platinum’s shortage to persist as EV slowdown fuels demand

Demand for the metal in autocatalyst is expected to rise…

Bloomberg News | May 13, 2024 | 7:05 am

Platinum, palladium, rhodium prices seen down in 2024 despite deficit, Metals Focus says

Average prices are expected to fall this year compared with…

Reuters | May 13, 2024 | 6:53 am

Anglo investors tell company to move faster to survive BHP bid

Anglo shareholders have been urging the company to explain how…

Bloomberg News | May 11, 2024 | 11:44 am

Platinum’s worst crisis in decades hits jobs in South Africa

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

Bloomberg News | March 6, 2024 | 10:11 am

Platinum deficit in 2024 to be deeper than expected – WPIC

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

Reuters | March 6, 2024 | 7:43 am

Sibanye falls to $2 billion loss, weighs capital raise if metal prices worsen

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

Reuters | March 5, 2024 | 7:21 am

Magnesium may offer best solution for storing hydrogen

Using computational science, researchers have developed a fluorine-substituted high-voltage stable chloride-based solid-state electrolyte.

Staff Writer | March 4, 2024 | 6:06 am

Northam CEO says South African platinum miners facing worst crisis in decades

Platinum prices fell due to weaker growth in China and destocking by manufacturers post-Russia-Ukraine invasion.

Reuters | March 1, 2024 | 7:48 am

Impala Platinum considers mine closures after profit slump

Decisions to mothball loss-making operations could be made within the next six months.

Reuters | February 29, 2024 | 7:00 am

Legacy uses AI to discover platinum in Australia

Proponents predict AI will be indispensable to help the industry ramp up the supply of battery metals for the global energy transition to fight climate change.

Colin McClelland | February 26, 2024 | 8:14 am

Sibanye-Stillwater to cut 2,600 jobs in South Africa

The miner kicked off in October a restructuring process at its four loss-making mines that was expected to result in the loss of 4,095 jobs.

Cecilia Jamasmie | February 23, 2024 | 5:26 am

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

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