Short covering, tight nearby supply briefly drive palladium above $1,000/oz Palladium, mainly used in the autocatalysts curbing harmful emissions, saw a 39% slump in 2023. Reuters | June 21, 2024 | 10:43 am
Gold price down 1%, but set for second straight weekly gain Gold has benefited from a run of soft economic data this week. Staff Writer | June 21, 2024 | 8:01 am
Sibanye loosens debt covenants to boost cash amid lower prices The miner said on Friday that all of its lenders have agreed to raise the debt threshold on all facilities. Reuters | June 7, 2024 | 7:34 am
Underground strike ends at Sibanye’s Kroondal operation The protest started on Monday when more than 200 employees and contractors staged a sit-in. Staff Writer | June 5, 2024 | 11:35 am
Palladium not written off the road yet, miners say Palladium’s shortfall may ease to about 200,000 oz. in 2025 before swinging into a surplus the following year and to as much as 700,000 oz. by 2028, the World Platinum Investment Council said. Colin McClelland | June 5, 2024 | 9:38 am
Sibanye hit by underground protest at South Africa mine The striking employees at Kroondal were aggrieved to not have received the annual ESOP payments made last Friday to Rustenburg and Marikana employees. Staff Writer | June 4, 2024 | 2:49 pm
Palladium output cuts needed to bolster market, Northam CEO says The company announced in February that it would pare back or pause development projects at its three operating mines. Bloomberg News | May 31, 2024 | 9:16 am
How a rattled South Africa became Anglo’s best defence against BHP bid More than 20% of Anglo shares are held by South African investors. Reuters | May 30, 2024 | 7:04 am
Nornickel forecasts lower global nickel surplus, bigger palladium deficit The miner expects surplus to be about 100,000 metric tons this year, down from a previous estimate of 190,000 tons. Reuters | May 30, 2024 | 6:54 am
