[SMM Precious Metals Express]

Within Zimbabwe lies one of the world’s great PGM provinces. The 2.58-billion-year-old 'Great Dyke' which stretches more than 550 km across the country, hosting major platinum, palladium, rhodium and chrome resources. From the geology of the Main Sulphide Zone to Zimplats, Mimosa, Unki and the emerging Karo project, this article explores why the Great Dyke matters to Zimbabwe and what its development could mean for the future of global PGM supply.

[SMM Flash] The World Platinum Investment Council (WPIC) has revised its 2026 platinum market balance to a 265,000 oz surplus, reversing its previous forecast for a 297,000 oz deficit. The latest Platinum Quarterly, published on September 9, showed a second-quarter surplus of 244,000 oz as total supply increased 1% year on year to 1.91 million oz while demand fell 16% to 1.66 million oz. The revision largely reflects investment outflows during the first half of 2026 rather than a significant recovery in mine supply. Despite the full-year surplus forecast, WPIC says above-ground inventories remain constrained following three consecutive years of substantial deficits. The organisation expects the market to swing from a 548,000 oz surplus in H1 to a 283,000 oz deficit in H2, as investment selling moderates. The H2 balance remains a forecast rather than a confirmed outcome.