Load shedding may have 'disastrous' effect on global platinum markets, report finds | Business

Gallo Images/ Getty Images

If increased load shedding hits South Africa's precious metal production this winter, there will be dire consequences for the global Platinum Group Metals markets, a new industry report has warned. While South Africa's intensifying power supply crisis has had little direct consequence for the rest of the world, the country is responsible for 73% of the world's platinum.

"The consequences of a significant and continuing decline in power generation ... [and] impact on the South African PGM platinum mine supply will be disastrous for global platinum mine supply," independent precious metals consultant David Davis said in a report last week.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

ESKOM LIVE | Load shedding escalated (again) after breakdowns in the small hours | BusinessESKOM LIVE | Load shedding escalated (again) after breakdowns in the small hours
La source: News24 - 🏆 4. / 80 Lire la suite »

ESKOM LIVE | Stage 6 load shedding all week 'until further notice' | BusinessESKOM LIVE | Stage 6 load shedding all week 'until further notice' | News24_Business
La source: News24 - 🏆 4. / 80 Lire la suite »

Appeal against load shedding protection judgment 'very likely' - Presidency | BusinessGovernment will likely appeal a ruling by the North Gauteng High Court that all hospitals, clinics, schools and police stations be spared from electricity disruptions. | News24_Business
La source: News24 - 🏆 4. / 80 Lire la suite »

New Zealand's hot migration risks fanning inflation, forcing rates even higher | BusinessGastroenterologist Wesley Kasen arrived in Hawke’s Bay New Zealand in February with his wife Marnie, two kids and dog from Colorado. Their arrival filled a vacancy at the local hospital. | News24_Business
La source: News24 - 🏆 4. / 80 Lire la suite »