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.
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