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Price pressure on SA platinum industry

Recent market weakness may force further production cuts

Gareth Tredway
This week Royal Bafokeng Platinum delayed steady state production from its Styldrift 1 development by a year to Q1 2020

This week Royal Bafokeng Platinum delayed steady state production from its Styldrift 1 development by a year to Q1 2020

The most recent to announce a raising to shore up its balance sheet is world number three producer, Lonmin, where shareholders have just approved a hugely dilutive US$400 million rights offer that will...

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