South African miners, who account for 70% of global platinum output, are wary about adding new production due to uncertainty over long-term demand, leading to declining output as mineral reserves deplete.
“For platinum, we were looking at about 6.2 Moz/year in 2019, and we see that moving down to 4.7 Moz by 2034,” Kleantha Pillay, Sibanye’s executive vice president for sales and marketing, told ...