(Feb 3): Impala Platinum Holdings Ltd said its second-half profit likely jumped by about 400% from a year earlier because of the rally in metals.
A “significant appreciation” in the average price received for the firm’s products is behind the better performance, the Johannesburg-listed miner of platinum group metals said on Tuesday in a trading statement. Earnings are expected to be between 9.1 billion rand and 9.45 billion rand.
Implats, as the company is known, and its South African peers will soon announce results for last year. Platinum almost doubled in the six months through December, while palladium rose about 66%. Both metals continued to climb in 2026 until paring most of this year’s gains last week in a broader slump for precious metals.
Valterra Platinum Ltd — which until recently was a subsidiary of Anglo American plc — said in January it expects the firm’s profit last year increased by as much as 125% to 15.9 billion rand.
The biggest source of demand for platinum and palladium — the two main PGMs — is in devices that lower harmful emissions from gasoline and diesel vehicles. Producers are focused on finding alternative sources of demand to offset the growing market share of electric vehicles, which do not use the metals.
South Africa is by far the world’s largest supplier of platinum.
See also: US pitches mineral price floors, investments to tackle China
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