Mining companies urge government to invest in platinum markets

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

Pumping money into the demand side of the business could give the economy a R8.25-trillion shot in the arm by 2050

SA’s platinum group metal miners agree that developing markets for their metals is essential, but this needs help from the government.

Chris Griffith, CEO of Anglo American Platinum , the largest source of mined PGMs, outlined a range of areas to encourage the uptake of platinum, including jewellery, investments, industrial applications and the use of the metal in hydrogen fuel-cell vehicles. Baxter would give no further details, apart from saying the platinum coin, which many in the industry have already dubbed the Mandela coin, would have to be tailored to meet the requirements of investors in the US and Japan.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cannabis stocks on a high at mining’s expenseThe listing of cannabis-related companies in Canada resulted in a flood of money pouring into those stocks and out of junior mining companies
Source: BDliveSA - 🏆 12. / 63 Read more »

Cannabis stocks on a high at mining’s expenseThere is a salutary lesson for SA's listed mining stocks as cannabis companies eat into Canada's junior mining sector's funding.
Source: BDliveSA - 🏆 12. / 63 Read more »