Podcasts · WorldWide Markets with Simon Brown
PGMs: the white metal, the dynamics, and the miners
· 22 min · Episode 695
Episode PGMs: the white metal, the dynamics, and the miners
Platinum smashed its 2008 record in January, then fell almost 50%. Simon Brown works through what actually happened to the platinum group metals and why the JSE-listed miners are still generating enormous cash at the lower price.
A 1.5 million ounce deficit became a 265,000 ounce surplus in a year, almost entirely because investment demand and Chinese jewellery buying walked away above 3,000 dollars.
Electric vehicles were never the real threat. The growth story nobody is pricing is the AI build-out, with ruthenium up 151 percent and iridium up 30 percent on data centre and hard drive demand.
Then the five miners side by side: Valterra, Northam, Implats, Sibanye-Stillwater and Tharisa, and the 1 December deadline on the Northam approach.
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Topics: platinum, palladium, rhodium, ruthenium, iridium, PGM supply and demand, AI demand, Valterra, Northam, Implats, Sibanye-Stillwater, Tharisa, FOMC, SARB, the rand.
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