Company now expects its US PGM mines to produce between 445,000-460,000 ounces of platinum and palladium this year, down from 550,000-580,000 ounces expected previously.
The ESG industry has focused “too heavily” on blacklisting all fossil fuels, exacerbating an energy crisis that can’t be addressed without embracing natural gas, researcher says.
Three of Australia’s biggest export markets for thermal coal -- Japan, South Korea, and Taiwan -- had all pledged to reach net zero carbon emissions by 2050 or 2060.
Prices could turn higher from later this year as the electronics and photovoltaics sectors support industrial consumption, HSBC Securities' chief precious metals analyst said.