Reuters reported that the Zimbabwe government is giving platinum producers two years to start refining the precious metal locally, which could prove to be a tough requirement as refineries are very costly and will take a much longer time to build due to skills shortage.
As quoted in the market news:
Zimbabwe has long pressed the platinum industry to build a refinery. The sector has said it has long-term plans to so but the current output of below 300,000 ounces annually does not justify the expense, estimated at $2 billion.
“South African Platinum Supplies Are Declining. What Should Investors
Do To Profit From This Trend?”
Get the latest update on the platinum market. Click below
to get your FREE market report.