To ensure a sustainable platinum group metals (PGMs) market will require South Africa to balance its market in line with global supply, Sibanye-Stillwater business development executive VP Richard Stewart told delegates at the PGMs Industry Day, held in Johannesburg, on Tuesday. Dubbing the market “a real basket case”, he explained that, considering market forces, the PGMs industry is “at real risk” of permanently upsetting the market dynamics through a demand destruction in palladium and an oversupply in platinum.
