With the palladium price more than $500/oz more expensive than platinum, which is trading at about $812/oz and no signs of palladium supply matching demand any time soon, autocatalyst makers are moving closer to substituting palladium with platinum, Muller said.
There are no short-term levers to pull to increase palladium by any miners, particularly in SA, where the bulk of platinum group metal (PGM) mining is underground and it takes years to build news mines or develop access to reefs with a higher palladium content, Muller said.
The work Implats, the worlds second-largest platinum miner, has done with its mines so far, with the introduction of Mark Munroe to oversee the core yet unprofitable asse…
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