- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Nomura Predicts Bleak Outlook for South African Platinum Sector
The Economic Times reported that Japan’s Nomura has warned that as many as 121,500 jobs and 60 percent of South Africa’s platinum production could be at risk in the next few years as a result of rising mining costs and political risks.
The Economic Times reported that Japan’s Nomura has warned that as many as 121,500 jobs and 60 percent of South Africa’s platinum production could be at risk in the next few years as a result of rising mining costs and political risks.
As quoted in the market news:
[Nomura analysts] paint a bleak picture of the economically vital sector, in the wake of violence in Marikana last August which claimed 34 lives on one day.
‘There are around 24,000 jobs at risk next year… the number of jobs at risk rises to 121,500 in 2015.’
Any cuts in production or labour unrest would have a major impact on platinum markets and lives in the restive platinum belt in the north of the country.
South Africa is home to more than three quarters of the world’s known platinum reserves.
Click here to read the full report from The Economic Times.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.