Morning Bites (part 2)

🇿🇦South Africa’s PGM mining output shrank 6% YoY in June, following the 4% YoY decline in May, according to official statistics. The country’s gold production was also 13% lower YoY, after the 9% YoY drop in May

In our view, the ongoing shift to EVs globally remains a key factor weighing on PGM consumption. To recap, SA accounts for ~70% of global Pt, 38% of Pd supply and 3% of global gold production

#PGMs #gold       
https://metals-wire.com/news-reports