Under pressure PGM miners are looking to copper – but it’s a risky move

Under pressure PGM miners are looking to copper – but it’s a risky move

From miningmx.com

It’s no coincidence that two of the surprise bidders for Khoemacau, a Botswana copper miner, are platinum group metal (PGM) producers Sibanye-Stillwater and Impala Platinum (Implats). Diversification, especially into base metals that are produced as byproducts of PGMs, is one of the options producers have to offset the risk of sharply deteriorating demand from lower sales of internal combustion engine (ICE) cars. Until this month, Implats CEO Nico Muller has characterised his firm’s stance on diversification as merely that of an interested observer. “We have made no secret it is something of interest to us,” ... (full story)

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