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Hybrid vehicle sales will buoy platinum until 2026
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Hybrid vehicle sales will buoy platinum until 2026
THE SURGE in the platinum price over the past month to above $1,385/oz may be followed by a short-term correction, but it is expected to continue appreciating in the remainder of 2025 and 2026, according to economic think-tank Afriforesight. This is good news for SA, which produces about 70% of global platinum. The trough in the platinum price to below $1,000/oz in 2023 and 2024 has resulted in cost-cutting, job losses and the closure of margina…
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