Mining Writer
Story audio is generated using AI
BlackRock, the world’s biggest asset manager, continues to steadily increase its stake in the South African platinum group metal (PGM) sector as investors hold out for a rebound in prices.
On Tuesday the group upped its stake in Northam Platinum to just over 5%, having done the same with Sibanye-Stillwater and Impala Platinum earlier this year.
The hunger for PGMs came after tariff fears and a persistent market deficit drove a dramatic rebound in sentiment and a 130% jump in platinum prices last year.
