Shares of Zimplats Holdings have shot up by 22.55% this week as Implats (owners of Zimplats) increased production by 9.6% since early November. Their productivity levels are expected to rise further in the New Year.
Long term, global industry needs new supply. That, and investors want new PGM plays in politically safe jurisdictions. That's where the spotlight is shining.
Demand for platinum has never been higher. According to Johnson Matthey, a record of 8.4 million ounces is needed this year. So is it time to buy platinum?
South Africa's troubles have put two precious metals right in the spotlight for supply problems - platinum and palladium.