An analysis of 29 domestic mining companies showed that combined net income slumped to 108 billion rand in their latest financial years, from a record 206 billion rand.

South African platinum group metal miners are battling an electricity crisis that has impacted output and increased costs.

Nornickel this year failed to pay dividends on its 2022 results for the first time in 14 years.

The WPIC forecasts a record 1-million-oz. platinum deficit for 2023.

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.