Amplats reports explosion at platinum plant

Amplats just reported an explosion at its platinum plant.

In total, if alternative processing routes are not found, the disruption could represent up to 10% of platinum, 5% of palladium and 12% of rhodium 2020 global mine supply.

The fundamentals for platinum just improved a bit.

 

Automakers are substituting palladium with platinum

According to Amplats, automakers are starting to consider using platinum instead of palladium in their cars. It will take about 18 months to do this.

According to Sibanye, gasoline engine cars will need to substitute palladium with platinum. The lab work has been done.

Conclusion: Stock up on platinum!