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South African platinum shaft closures loom as PGM price rout bites

Reports from Shanghai Platinum Week

Shi Weijun
Shanghai. Image: Pexels/Zhang Kaiyv

Shanghai. Image: Pexels/Zhang Kaiyv

Platinum group metal miners in top producer South Africa may start to close mine shafts soon to rein in financial losses amid the sustained downturn in PGM prices, and the reduction in output is unlikely...

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