Coal and platinum are two of the key mining commodity exports from South Africa.
Unpacking the factors impacting the PGM prices, they said near-term increases in refined PGM exports from South Africa had exceeded market expectations, while Chinese imports remain subdued.
In Western markets, automotive demand for PGM remained weak, with European sales under pressure and the US market experiencing high inventory levels, leading to short-term production cuts.
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
