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Africa|Automotive|Gold|Mining|Platinum
Africa|Automotive|Gold|Mining|Platinum
africa|automotive|gold|mining|platinum

South Africa has China to thank for uplifting our platinum mining out of worrying slump

19th September 2025

By: Martin Creamer

Creamer Media Editor

     

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South Africa has China to thank for uplifting the platinum price out of the post-pandemic doldrums into the top-echelon of top global commodity performers. In the first six months of this year, China has been largely responsible for platinum outpacing gold, silver and broader asset classes to the point of reaching a ten-year high level of $1 450 an ounce in July.

Especially when considered against the uncertainty caused by changing tariff policy, automotive demand for platinum has been only negligibly impacted. Thanks to China, platinum jewellery demand was at the highest level in a decade and is forecast to jump even further by year-end. Importantly, this is helping to uplift our crucial platinum group metals mining industry, which is being rescued out of what was a very worrying slump.

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Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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