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Mining companies urge government to invest in platinum markets

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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.

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