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SIBANYE-Stillwater announced on Monday it agreed to buy US-based precious metals recycling business Metallix Refining for $82m (R1.5bn) in cash. Metallix Refining, a profitable company in business for 60 years, would complement Sibanye-Stillwater’s Reldan which it acquired last year for $155.9m.

The platinum group metal is prized for its exceptional hardness and versatility across electronics, energy storage, and chemicals manufacturing. But it’s the AI revolution — particularly in hard disks — that’s driven recent gains, according to SFA (Oxford), a critical minerals consultancy, the report said.

Platinum soared nearly 50%, followed by gold (+26%), silver (+25%) and palladium (+21%). Meanwhile, copper had its own standout run, driven by rising industrial demand and geopolitical catalysts.

On 9th July, the European Commission (DG ECHO - European Civil Protection and Humanitarian Aid Operations) published a communication which calls for an EU Stockpiling Strategy, covering a series of “goods”, including critical raw materials such as PGMs. The EU Commission said that the EU should develop emergency stockpiles of medicine, generators and critical raw materials to be better prepared ...

In their latest note, commodity analysts at Metals Focus said they see limited downside for gold in the second half of the year as ongoing economic uncertainty is expected to support investment demand.
“Although the global economy appears to have avoided a full-scale trade war, U.S. tariffs are expected to remain historically high for some time. Perhaps more significantly, while the U.S. economy ...

The rally in platinum prices has been significantly fueled by production disruptions in S. Africa, the world's largest platinum producer. Mining output of PGMs fell by 24% YoY in April 2025, representing the peak of what industry analysts at Morgan Stanley described as an "exceptionally weak" production period.

Platinum soared to its highest level since 2014 on Thursday, fueled by supply concerns and a wave of speculative buying.
By midday, the precious metal had gained nearly 5% to trade at $1,406 an ounce, after hitting a fresh 11-year high of $1,416 earlier. Palladium also jumped by 4.8% to about $1,111 an ounce.

Former Anglo American Platinum chairman and CEO Barry Davison has passed away, industry sources said on Monday. He was 80. In addition to chairing Anglo American Platinum, Davison headed Anglo American’s ferrous metals and industries divisions. He was also an executive director of Anglo American Group from 2001 to 2005, serving under its then CEO Tony Trahar.

Miller highlighted that PGM market fundamentals remained robust, with demand and supply fundamentals suggesting a price upside. Existing demand is projected to remain stronger than initially forecast, while new demand would come from high-potential new use cases.

Silver leapt but the price of gold struggled in London Tuesday, extending this stretch of diverging prices to the longest in the 21st Century as the more industrially useful precious metal broke 13-year highs >$37/toz.

Mining major Hindustan Zinc plans to increase its silver production to 1500-2000 tonne from 700 tonne amid the ongoing rally in the precious metal.

Platinum has become more attractive for investment and jewelry as more investors shift from gold.
Forecast places platinum supply at its lowest since COVID-19 period.
US-China trade deal and a weaker US dollar will fuel the precious metal’s demand amid the persistent supply deficits

The performance of gold and silver in the rest of 2025 remains to be seen, especially given the highly unpredictable and uncertain economic climate.

Bullion slid as much as 1.6% to $3,268, and has lost more than 5% since peaking above $3,500 on Wednesday. 
Investors acted on signs of a thaw in US trade talks, after President Donald Trump on Friday suggested another delay to his higher “reciprocal” tariffs was unlikely. In this context, Asian nations may strike interim deals to stave off levies before the 90-day grace period ends in July. The ...

Total silver demand fell by 3% to 1.16Boz in 2024. The decline was primarily driven by weakness in physical investment and slightly lower silverware and photographic demand. The drop was partially offset by the continued strength of industrial demand, which enjoyed another record year. In keeping with 2023, growth was underpinned by record electronics & electrical demand. This reflected structural ...

Trump’s tariffs excluded PGM exports and other raw minerals but their application to imported cars and imported car parts would nonetheless impact the sector. The shock of the 30% tariff placed on South African goods was reflected in equity prices. Shares in Impala Platinum fell just over 8% in Johannesburg by mid-afternoon. Shares in Amplats and Sibanye-Stillwater shares declined 7% and 5.5% ...

Precious Metals and Freudenberg e-Power Systems are joining forces in the field of CCMs, a pivotal component of fuel cells, through a cutting-edge technology partnership.

The exact usage rates are little-reported, but according to our research on the topic one year ago, the old 9 milligrams per Watt (mg/W) for Mono PERC, 22 mg/W heterojunction, and 13 mg/W TOPCon had each fallen by one-third in leading research efforts, meaning the industry could operate as low as 10 mg/W today if silver became expensive enough to justify the outlay of more efficient processes ...

Silver continues to see firm resistance at $34 an ounce; however, one analyst said that the precious metal’s time will come, and it could be later this year.

“The market fundamentals of supply and demand suggest upside to the current PGM basket price,” CEO Craig Miller highlighted about a group of precious metals that touch lives globally in the form of platinum, palladium, rhodium, iridium and ruthenium.

The newly developed catalyst features a ruthenium (Ru)-based nanocluster with a core-shell structure. Despite using only a minimal amount of precious metal, it delivers world-class performance and exceptional stability. Moreover, when applied to industrial-scale water electrolysis equipment, it demonstrated remarkable efficiency, highlighting its potential for commercial applications.