Northam Platinum CEO Paul Dunne stated on Friday that despite a recent rally, platinum prices remain too low to support new production, even though the increase has provided some relief to South African miners. Northam Platinum, a prominent South African mining company, announced a significant downturn in its annual profitability on Friday, according to a Reuters report. The company reported a 14.4% decrease in annual profit for the financial year that concluded on June 30. This decline occurred despite Northam achieving record sales volumes, indicating that external pressures largely outweighed the benefits of ... (full story)