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Copper thieves in South African mines threaten platinum supply for electric cars
South Africa is by far the world’s largest producer of platinum, a precious metal that is among the rarest on Earth, and extremely valuable to the electronics industry. The country holds over 80% of the world’s platinum reserves, but its mines are battling an unlikely problem that threatens to hit the industry hard: thievery. For years, mining companies in South Africa have been at war with increasingly well-organized crime syndicates that target the country’s lucrative mining industry, especially mines for rare-Earth metals such as platinum. But these thieves are not necessarily after the valuable silvery ... (full story)
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- Posted: May 14, 2022 6:15pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 37
