General Administration of Customs: strive to stabilize the basic plate of foreign trade and promote the stability and quality improvement of foreign trade

[SMM Flash] Platinum could continue to outperform palladium over the longer term despite near-term pressure from a stronger US dollar and elevated Treasury yields, according to a September 2 analysis by FX Empire. Platinum had fallen towards $1,725/oz while palladium traded near $1,290/oz, with the analyst identifying $1,650–1,700/oz as an important platinum support zone and around $1,200/oz as key support for palladium. The analysis attributed near-term pressure on both metals partly to higher interest-rate expectations. FX Empire argued that platinum retains stronger medium-to-long-term fundamentals because of constrained supply and potential new industrial demand. The analysis cited expectations for continued platinum and palladium market deficits alongside potential platinum demand from hydrogen-truck adoption. Palladium's longer-term outlook was described as more dependent on petrol and hybrid vehicle demand as battery-electric vehicle penetration increases. These price levels and relative-performance expectations represent analyst technical analysis and commentary rather than confirmed market forecasts.

[SMM Flash] India is preparing to expand its critical-minerals engagement with Colombia, with state-owned Khanij Bidesh India Ltd (KABIL) expected to assess mining and exploration opportunities in the country. Diplomatic sources cited by StratNews Global said India is seeking a stronger foothold in Colombian mineral resources as part of a wider strategy to diversify overseas raw-material supply chains. Colombia has prospective resources that include coltan alongside copper and other critical minerals. The initiative remains early-stage strategic engagement, with no specific Colombian tantalum mine, investment amount, acquisition or offtake agreement announced. For the tantalum market, KABIL participation could eventually create an additional source of exploration financing and downstream demand for Colombian coltan resources, but any commercial supply impact remains prospective and dependent on project identification, licensing and development.

[SMM Flash] Sibanye-Stillwater has commenced formal consultations over the proposed restructuring of the Kwezi shaft at its Rustenburg PGM operations in South Africa, as the underground operation approaches the end of its economic life. The company said mining has reached the limits of the shaft’s approved mining-right area and economically mineable reserves are being depleted. The Section 189A process could potentially affect 781 employees and 333 contractor employees, representing 1,114 people in total. The consultation does not yet constitute a confirmed shaft closure or final retrenchment decision. However, the development highlights the depletion pressure facing mature South African PGM operations despite the recent recovery in platinum-group-metal prices. If restructuring ultimately results in closure or materially reduced activity at Kwezi, the shaft’s future contribution to Sibanye-Stillwater’s Rustenburg PGM production would decline, although the company has not yet disclosed a specific production-loss estimate.