Market Report
Learn more about all important trends in the precious metals markets in our market reports on a regular basis.
South African platinum supply shrinks in 2025
No. 41 | 10th November 2025
For South African PGM miners the first six months of 2025 were defined by weak pricing and operational disruptions, compressing margins and curtailing output. Low PGM prices since midway through 2023 have hit earnings and constrained free cash flow, forcing tighter operating parameters, with many producers implementing cost-saving measures and restructuring over the last two years.
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