PGM prices expected to remain robust in the short term

Platinum group metals (PGMs) prices are expected to remain robust in the short term, with demand and supply starting to balance. Covid notwithstanding, the average realised dollar basket price of Anglo American Platinum (Amplats) in the six-month to June 30 was 56% higher year-on-year at $1 956 a PGM ounce, and the rand basket price 80% higher at R32 166 per PGM ounce. Net sales revenue increased by 28% to R54.8-billion.