News Listing

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.