Parlaying the Positives of PGMs
On May 17, Chis Griffith, CEO, Anglo American Platinum (Amplats) addressed London Platinum and Palladium Markets during Platinum Week in London. He is passionate about platinum group metals and reminded the group that prices, especially for platinum, are at historically weak levels in real terms in many currencies.
Much of the recent market commentary is about oversupply with platinum and that miners have shown little discipline. “That’s an accusation that has at least the ring of truth about it,” Griffith said. “But it does seem to me unfortunate that we as an industry have allowed other people to dictate the narrative, to accentuate the negative, and to underplay the positive stories.”