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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.
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