Nornickel, a top Russian miner and a leading palladium and nickel producer, has outlined varying outlooks for the markets of copper, nickel, platinum, and palladium in 2025, with different factors shaping supply and demand dynamics for each metal. Copper The global copper market, currently experiencing a surplus of 200,000 tonnes in 2024, is expected to...
READ MORE
The global copper market is forecast to experience a surplus of 200,000 tonnes in 2024 before balancing out in 2025, according to Nornickel’s latest metals market review. The company attributed this trend to accelerating demand growth driven by renewable energy generation, electrified transportation, and increasing global electricity consumption. Nornickel highlighted that while concerns about long-term...
READ MOREDespite persistent challenges with platinum prices, the precious metal market is seeing support as the World Platinum Investment Council (WPIC) predicts a market deficit in both 2024 and 2025. Edward Sterk, WPIC’s director of research, highlighted that while demand for platinum remains steady, supply has struggled to keep up, a trend that looks set to...
READ MOREBritish mining group Anglo American has sold shares of Anglo American Platinum, valued at 9.6 billion South African rand (approximately 500 million euros), as part of preparations for a complete demerger of the South African platinum producer. The sale, announced on Wednesday, involved 17.5 million shares, representing 6.6% of Anglo American Platinum’s issued capital, at...
READ MOREThe World Platinum Investment Council (WPIC) has forecast a two percent decline in mined platinum supply for 2025, as producers continue to restructure operations in response to challenging market conditions. In its third-quarter supply and demand report, WPIC projected a third consecutive annual supply deficit for the metal in 2025. Newly mined platinum production is...
READ MORESouth Africa-based mining multinational Impala Platinum Holdings (Implats) reported a 5.5% year-on-year decrease in output, producing 947,000 ounces of platinum group metals (PGMs) in the quarter ending September 2024. Managed production volumes dropped by 6% to 751,000 ounces, while joint venture production rose by 3% to 145,000 ounces, according to the company’s first-quarter production report....
READ MOREPlatinum-group metals (PGMs) include platinum, palladium, rhodium, and other metals prized for their durability, resistance to corrosion, and excellent catalytic properties. The automotive industry is the largest consumer of these metals, using them primarily in catalytic converters for vehicle exhaust systems. With a rebound and continued growth in auto production projected, particularly in developing markets,...
READ MOREAsset management firm Coronation has reversed its stance on the platinum group metals (PGMs) sector, deciding to reinvest after initially pulling out a year ago due to concerns that the industry was facing a decline. The firm’s change of heart is largely attributed to the recent slowdown in the adoption of battery electric vehicles (EVs),...
READ MOREAnglo American Platinum reported a 22% increase in its refined production of platinum group metals (PGMs) in the third quarter of 2024, reaching 1.1 million ounces. This growth in refined output comes despite a drop in metal-in-concentrate production, which was down 10% to 922,300 ounces for the same period. The company has confirmed its 2024...
READ MOREThe Moscow Exchange will begin trading in platinum (PLT/RUB) and palladium (PLD/RUB) with payment in rubles starting October 21, 2024. These new trading instruments will be available to both professional market participants and private investors, according to a statement released by the exchange. These instruments were initially added to the system in a state of...
READ MOREFollowing the popularity of gold and silver, Costco recently added platinum bars to its lineup of precious metal offerings. Although platinum has not performed as strongly as gold and silver this year, its fundamentals remain solid. Platinum is a relatively newer commodity in the investment landscape. “Platinum is a ‘newer kid on the block’,” said...
READ MOREAsset manager Coronation has changed its position on platinum group metals (PGMs), acquiring a 5.07% stake in Northam Platinum, just a year after labeling the sector a “value trap” due to declining prices and demand. Northam informed the market of the acquisition on Thursday, marking a significant shift for Coronation, which had previously recommended disinvesting...
READ MOREThe Public Investment Corporation (PIC), Africa’s largest asset manager, has increased its stake in Sibanye-Stillwater, now holding over 15% of the diversified mining company. This move signals confidence in Sibanye-Stillwater’s long-term growth, particularly in light of its promising lithium project in Finland, which has recently received financial backing through a R10 billion green loan package....
READ MORE**TerraVolta Resources Secures $225 Million for Lithium Project** The US Department of Energy has awarded a $225 million grant to TerraVolta Resources for its Liberty Owl project, which aims to extract lithium from formation water in hydrocarbon fields located in Texas and Arkansas. The project, with an estimated capital investment of over $1 billion, is...
READ MOREPlatinum group metals (PGMs), including platinum and palladium, are experiencing a renewed surge in demand, driven by the rising sales of hybrid vehicles. The shift in the automotive industry toward plug-in hybrids, as opposed to pure electric vehicles (EVs), is reversing the decline in PGM usage seen over the past few years. PGMs, which are...
READ MOREDespite an increase in production from South African platinum producers, the global platinum market is expected to remain in deficit in 2024, according to the World Platinum Investment Council (WIPC). South African producers such as Impala Platinum (Implats), Sibanye-Stillwater, Anglo American Platinum (Amplats), and Wesizwe Platinum have been restructuring their operations in response to low...
READ MOREAnglo American has raised approximately $400 million through the sale of shares in its platinum subsidiary, Anglo American Platinum, as part of a broader restructuring effort. The mining giant sold 13.94 million shares, representing a 5.3% stake in the subsidiary, at a price of 515 South African rand ($27.30) per share. This sale was made...
READ MORE
Sibanye-Stillwater is set to report a significant drop in its interim earnings for the first half of 2024, with profits expected to plummet by nearly 100%. The company’s gold production decreased by 21%, while prices for platinum group metals (PGMs), particularly palladium, remained under pressure. Additionally, the company has recorded a R7.4 billion (USD 420...
READ MORE
Impala Platinum Holdings, the world’s second-largest platinum miner, has reported a significant swing to a loss for fiscal 2024, as anticipated, due to a series of impairments. The company announced a basic loss of 17.31 billion South African rand (approximately $970.9 million USD) for the year ended June 30, compared to a profit of 4.905...
READ MORE
Nornickel has released its financial results for the first half of 2024, showing a significant decline in revenue and profits. According to the report, the company’s revenue dropped by 22% to $5.6 billion, while net income fell by 23% to $829 million. Free cash flow also saw a sharp decrease of 61%, totaling $525 million,...
READ MORE
Nornickel has announced its production results for the first half of the year and the second quarter of 2024. According to its statements, the company’s nickel smelting remained almost unchanged at 90,000 tons for January-June 2024. Copper output increased by 7% to 219,000 tons. Palladium output was stable at approximately 1.5 million troy ounces, while...
READ MOREAnglo American Platinum, the world’s largest producer of platinum metals, announced an 8% decrease in earnings, impacted by a significant drop in prices. For the first six months of the year, the company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at 12.3 billion South African rand ($676.5 million), compared to the same...
READ MORE
The global platinum market is projected to expand by USD 1.75 billion from 2024 to 2028, growing at a compound annual growth rate (CAGR) of 4.36%, according to Technavio. The rising demand for platinum across various industries, particularly in the automotive sector, is a significant driver of this growth. Platinum is a critical metal primarily...
READ MOREMining activity in South Africa is expected to continue its upward trajectory for the better half of this year after rebounding at the beginning of the second quarter. Data from Statistics South Africa (StatsSA) showed that mining production rose by 0.7% year-on-year in April, recovering from a downwardly revised 4.8% decline in March. This improvement...
READ MORE
