Sibanye quits investment council over platinum demand strategy
The PGM giant doesn’t think much of the council’s belief in marketing the metal as an investment
Sibanye-Stillwater, the world’s leading platinum producer, has terminated its membership of the World Platinum Investment Council, citing differences of approach about how to boost demand for the metal, preferring to focus on a broader approach.
As SA’s largest source of platinum group metals (PGMs), a position it has won from Anglo American Platinum (Amplats) after a flurry of deals over three years, Sibanye is now seen assuming the mantle of industry champion.
Various organisations have been set up and funded by SA’s PGM miners, collectively the world’s leading source of these largely industrial but also precious metals...