The Conversation (0)
FM reported on the current platinum market and efforts to resolve the crisis.
FM reported on the current platinum market and efforts to resolve the crisis.
As quoted in the market news:
Minerals minister Susan Shabangu’s recently appointed task team will battle to find a quick solution to avoid platinum mine closures, because the causes of the crisis are structural, not superficial.
Market forces are largely responsible: the platinum price is too low for many miners to cover their costs. Beyond a certain level, costs cannot be reduced any further, and attempts to control the market will only make the situation worse.