PGM

  • Coronation Reverses Stance on Platinum, Acquires 5% Stake in Northam Platinum

    BY Lars Jensen
    Asset 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...
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