Anglo American Platinum (Amplats) is set to begin operations as a standalone company under the name Valterra Platinum on May 28, following its demerger from parent company Anglo American. The new name, a combination of “Value” and “Terra” (Latin for earth), reflects the company’s focus on maximizing shareholder value and its connection to natural resources....
READ MORESpot rhodium prices have climbed to their highest levels in 20 months, driven by increased buying interest from Anglo American Platinum (Amplats) and tight first-quarter supply from South Africa. Prices have risen 20% this month, breaking above $5,000 per troy ounce before reaching $6,040 on Tuesday—the highest since June 2023—before retreating to $5,640 on Wednesday....
READ MOREThe World Platinum Investment Council (WPIC) has published its Platinum Quarterly report for Q4 2024 and the full year, providing an updated forecast for 2025. The platinum market recorded a significant deficit of 995 koz in 2024, exceeding earlier projections by 46%, as total demand surpassed 8 Moz for the first time since 2019. Strong...
READ MORENortham Platinum reported a nearly 50% drop in earnings for the six months ending December 31, 2024, as lower platinum group metals (PGM) prices weighed on performance. Headline earnings declined by 49.7% to R238.24 million, prompting an 85% cut in the interim dividend to 15 cents per share. Despite CEO Paul Dunne’s assurance that the...
READ MOREAsset manager Coronation has raised its stake in Northam Platinum to 15.05%, signaling a renewed interest in platinum group metals (PGMs). This marks a significant reversal from its earlier stance when it disinvested from the sector, citing value concerns. Coronation’s increased holdings place it alongside the Public Investment Corporation (PIC), which owns 20% of Northam,...
READ MOREAnglo American Platinum, a Johannesburg-listed platinum producer, has confirmed that its annual production guidance remains unchanged despite significant rainfall disrupting operations at the Tumela mine within the Amandelbult Complex. Preliminary assessments indicate that the 2025 metal-in-concentrate production target of 3.0 million to 3.4 million ounces remains unaffected. The Tumela mine accounts for approximately 10% of...
READ MORELondon-based mining company Anglo American announced that it expects to finalize the demerger of Anglo American Platinum by June 2024. The company also confirmed that Anglo American Platinum has declared its final dividend for 2024, along with an additional cash dividend, totaling 16.5 billion rand ($0.9 billion). As a 67% stakeholder, Anglo American anticipates receiving...
READ MOREAnglo American Platinum (Amplats) continues to grapple with weak platinum group metal (PGM) prices and a high-cost structure, leading to production cuts and significant workforce reductions. The South African miner retrenched 3,700 employees in 2024 and is undergoing further restructuring due to its ongoing demerger from Anglo American, expected to conclude by mid-2025. Despite these...
READ MORESouth Africa’s Impala Platinum anticipates a profit drop of up to 49% for the six months ending December 2024, citing persistently low metal prices. The company, the world’s second-largest producer of platinum group metals (PGMs), expects headline earnings between 1.65 billion rand and 1.95 billion rand ($89.39 million to $105.65 million), down from 3.26 billion...
READ MOREAnglo American Platinum (Amplats) expects headline earnings for the 2024 financial year to decline by as much as 46%, driven by persistently low metals prices and costs related to restructuring and its demerger from parent company Anglo American. The world’s leading producer of platinum group metals (PGMs), which are used to reduce vehicle emissions, anticipates...
READ MOREAnglo American plans to finalize the unbundling and London listing of Anglo American Platinum (Amplats) by mid-2025, while the timeline for divesting its 85% stake in De Beers remains uncertain. The company is progressing with its restructuring strategy, which began last year following BHP’s unsuccessful takeover attempt. CEO Duncan Wanblad emphasized that Anglo is focused...
READ MOREPodium Minerals Limited has become the first Australian PGM developer to join the World Platinum Investment Council (WPIC) as a pre-production member. The WPIC, founded by leading platinum group metals (PGM) miners and producers, serves as a global authority on platinum market intelligence and investment. As a member, Podium will gain access to WPIC’s extensive...
READ MOREA team from Leiden University and the SLAC National Accelerator Laboratory has identified the root cause of platinum electrode corrosion, a discovery that could enhance green hydrogen production and improve electrochemical sensors. The findings were published in Nature Materials. While platinum is known for its durability, the study revealed that negatively polarized platinum electrodes degrade...
READ MOREHeraeus Precious Metals has completed the acquisition of Umicore’s Platinum Active Pharmaceutical Ingredient (API) business outside of South America. The move bolsters Heraeus’s position in the platinum API sector, enhancing its product offerings while maintaining a commitment to competitive pricing and high-quality standards. Effective immediately, the business will be integrated into Heraeus Precious Metals, the...
READ MOREThe Public Investment Corporation (PIC) has raised its stake in Northam Platinum to 20%, reinforcing its commitment to the long-term prospects of platinum group metals (PGMs). This follows the PIC’s move last year to increase its holding in Sibanye-Stillwater to 15%, as the asset manager continues to back the green economy potential of PGMs, particularly...
READ MOREAnglo American Platinum (ANGPY) has emerged as a standout player in the global platinum-group metals (PGM) mining industry. Despite market volatility and a downturn in PGM prices, the company has consistently maintained profitability, distinguishing itself from competitors. ANGPY holds the largest PGM mineral resources worldwide, operates cost-efficient facilities, and has demonstrated prudent management in navigating...
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Nornickel, a leading Russian mining company and a top producer of palladium and nickel, has released its market projections for 2025, highlighting distinct supply and demand dynamics for copper, nickel, platinum, and palladium. Each metal’s outlook reflects a mix of global economic factors and industry-specific developments. CopperThe global copper market, currently in surplus by 200,000...
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