South Africa, holding approximately 80% of the world’s platinum group metals, is uniquely positioned in the green hydrogen revolution. Platinum, essential for hydrogen-producing electrolyzers, underscores the nation’s pivotal role. The government has unveiled a ZAR 270bn (US$17.8bn) plan to drive green hydrogen projects over a decade. With an aim for both domestic use and export, it’s supported by over 100...
Regenx Tech (CSE: RGX) (OTCQB: RGXTF), known for its precious metals recovery technologies, has commenced commercial production at its plant in Greenville, Tennessee. From Commissioning to Production: Following the successful installation of an expanded gas line and the necessary permit approvals, the company has transitioned from its commissioning phase to initiate commercial production operations. This move is expected to accelerate...
The deficit in the global platinum market will most likely top 1 million ounces this year due to strong demand growth from carmakers and other industries amid flat supply, the World Platinum Investment Council (WPIC) said in its latest quarterly report. “Total supply is expected to remain flat, aligned with the weak 2022 level of 7,224 koz (-31 koz), while...
South African platinum miner, Impala Platinum (Implats), has successfully completed its bid to control Royal Bafokeng Platinum (RBPlat), raising its stake to 91%. The acquisition process involved purchasing a 34.5% stake in RBPlat from fellow South African miner, Northam, for R9 billion ($505 million) and around 30 million Implats shares. The rivalry between Northam and Implats to gain control of...
The recent experiments conducted at the U.S. government’s Sandia National Laboratories have demonstrated that pieces of pure platinum and copper can spontaneously heal cracks caused by metal fatigue. Metal fatigue occurs when metal is subjected to repeated stress or motion, leading to microscopic cracks that can worsen over time and potentially cause catastrophic failures in machines, vehicles, and structures, including...
ASX- and JSE-listed Southern Palladium has announced a substantial 39% increase in the upper group two (UG2) mineral resource at its Bengwenyama platinum group metals (PGMs) project, located on the eastern limb of the Bushveld Complex in South Africa. The company reported on May 30 that the 39% increase took the total UG2 mineral resource on a three platinum group...
In an exciting development for its nickel, copper and platinum group metal (PGM) targets, Future Metals NL (ASX:FME, AIM:FME) has kicked off 2,000 metres of reverse circulation (RC) drilling at its Panton North property in WA. The polymetallic exploration play — covered under a farm-in agreement with Octava Minerals Ltd (ASX:OCT) — neighbours FME’s cornerstone Panton PGM-nickel camp, just 60...
The world platinum market is expected to swing to a big deficit this year, close to 1 million troy ounces. Here is why this is happening and what implications this may have for the sister metal palladium. World Platinum Investment Council forecasts a platinum deficit of 983,000 troy ounces this year, according to the latest report of the global research...
Power outages and transport strikes have hindered platinum mining in the world’s biggest producer. The price of platinum has risen amid concerns of a coming shortage of the metal. The concerns have been fuelled by mining troubles in South Africa, the world’s largest platinum producer. Miners have predicted as much as a 15% contraction in output as a result of...
Anglo American Platinum (AMSJ.J) (Amplats) expects its 2022 annual profit to be down as much as 52%, hit by a decline in sales of platinum group metals (PGM) after a delayed smelter rebuild, it said on Monday. The company, which is due to report annual results on Feb. 20, said that headline earnings per share (HEPS) – the main profit...
