https://newsletter.mw.creamermedia.com
Business|Flow|Platinum|Flow|Operations
Business|Flow|Platinum|Flow|Operations
business|flow-company|platinum|flow-industry-term|operations

Impala Platinum to close Canada palladium mine

 The Lac des Iles mine

The Lac des Iles mine

9th July 2025

By: Bloomberg

  

Font size: - +

Low palladium prices are forcing Impala Platinum Holdings to shut down its mine in Canada, putting 750 jobs at risk.

The Lac des Iles mine is about 1 500 km northwest of Toronto.

Impala Canada expects to end production by May 31, 2026, CEO Timothy Hill told workers in an email seen by Bloomberg News, but “the final date of operations is dependent on several factors, including available tailings capacity and our ability to meet production targets.”

“We’ve been in a prolonged period of low prices, and as a result, the business is not generating the cash flow required to sustain the operation despite the team’s strong performance,” an Impala Canada spokesperson said Tuesday in an email.

The price of palladium – a metal mostly used to curb emissions from gasoline vehicles – has fallen over the past three years because demand from auto manufacturers has weakened. Electric vehicles have captured a larger share of the global auto market, and they don’t need catalytic converters to filter exhaust fumes.

In 2024, Impala Canada cut 95 jobs, also citing lower palladium prices.

Parent company Implats, based in Johannesburg, acquired the Ontario mine in 2019 through its purchase of North American Palladium. The mine closure was first reported by online publication TBnewswatch.

Edited by Bloomberg

Comments

Showroom

Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (04/07/2025)
4th July 2025 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.068 0.141s - 128pq - 2rq
Subscribe Now