Investor sentiment brightens for SA platinum miners

INVESTOR sentiment towards South African platinum miners has shown a marked improvement recently, buoyed by a significant rise in platinum prices, signaling a potential shift in the market landscape.

- TAWANDA KAROMBO

After enduring a protracted period of depressed investor interest driven by low prices and concerns about the market's stability—largely influenced by the increasing popularity of electric vehicles—platinum group metals are experiencing a notable resurgence.

Mining analyst Keenen Du Toit this week said that the platinum prices this month “jumped to $1 300 per ounce - the highest since 2014” although “still significantly lagging the big move up” in gold.

“Historically the PGM basket price has traded closely to gold, and even above in many cases,” said Du Toit.