Implats records higher PGM sales in spite of big disruptions
By Dineo Faku
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JOHANNESBURG - IMPALA Platinum (Implats) reported higher 6E platinum group metals (PGM) sales volumes during the three months ended March 2021 compared to a year ago despite grappling with Eskom load shedding and community unrest.
Implats said on Friday that 6E PGM sales volumes were up 14 percent to 862 000 ounces in the three months ended March 2021, broadly in line with contractual requirements with some additional destocking of iridium and ruthenium as demand and pricing improved for these metals. 6E PGM is platinum, palladium, rhodium, iridium, ruthenium and gold.