[SMM Precious Metals Express]

Published: Aug 17, 2026 09:30

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South Africa’s June production of platinum group metals (PGMs) fell 8.4% YoY, the main factor dragging down national mining output; South Africa’s total mining output in June was -4.0% YoY. In April, supported by a low base, PGMs once surged 36.5% YoY, but turned negative consecutively in May–June, indicating that the supply-side recovery fell short of expectations; mining sales benefited from international platinum and palladium prices maintaining strong YoY gains. The data are preliminary, and the statistics bureau does not break out physical output for individual products such as platinum and palladium.

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