Platinum smashed its 2008 record in January, then fell almost 50%. Simon Brown works through what actually happened to the platinum group metals and why the JSE-listed miners are still generating enormous cash at the lower price. A 1.5 million ounce deficit became a 265,000 ounce surplus in a year, almost entirely because investment demand and Chinese jewellery buying walked away above 3,000 dollars. Electric vehicles were never the real threat. The growth story nobody is pricing is the AI build-out, with ruthenium up 151 percent and iridium up 30 percent on data centre and hard drive demand. Then the five miners side by side: Valterra, Northam, Implats, Sibanye-Stillwater and Tharisa, and the 1 December deadline on the Northam approach. Download the free report here. Topics: platinum, palladium, rhodium, ruthenium, iridium, PGM supply and demand, AI demand, Valterra, Northam, Implats, Sibanye-Stillwater, Tharisa, FOMC, SARB, the rand. Worldwide Markets is part of JustOneLap.com.

PGMs: the white metal, the dynamics, and the miners

WorldWide Markets with Simon Brown

JC Director this week, we're looking at PGMs, both the metals and the miners. Hello and welcome to WorldWide Markets. This is episode 695 for 23 September. I'm recording early Tuesday afternoon and then obviously publishing later this afternoon. WorldWide Markets, powered by Standard Bank Global Markets Retail and Shift. The global money app that puts travel, shopping, payments, and investments in the palm of your hand.

Enjoy the cheapest Forex rates anytime, anywhere. Shift, powered by Standard Bank. Before we get into PGMs, central banks, we had the FOMC last week, that's the Federal Reserve, unanimous, raised their rates a quarter of a percent. They have a problem with their inflation. 3.4 percent, we would like 3.4. We're going to get inflation tomorrow or Wednesday, depending when you're listening. We'll see how that goes. But the point is that they've been

above their inflation target for, I don't know, five years? More than five years. So they raised a quarter percent. We have now got our MPC on Wednesday. Three o'clock will be the time, will be the announcement. I got to say, I don't know what the inflation print for August is. We saw July down at 4.3. Nice number. But we've got petrol around two rand up in October, diesel around three. A lot of moving parts between now and then, I appreciate. I think we're going to get a rate hike

from Saab. And the reason is, aside from the worry about inflation, fair enough. You also, and they've said it before, that you want to stay sort of anchored around the US, because the worry is that if you get too far, that has an impact on the rand. The rand, which is being very, very stable.

PGMs: the white metal, the dynamics, and the miners

Read the full transcript

The candid version is on a podcast,
not the earnings call.

PGMs: the white metal, the dynamics, and the miners

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.