Anglo American Platinum, the world’s biggest platinum miner by value, said the low metal prices that companies in South Africa are currently grappling with could be sustained for a period of time amid a slowdown in China’s economic growth.
Prices for platinum-group metals, which have declined rapidly over recent months, could remain depressed, Craig Miller, CEO of the Johannesburg-based producer, told Reuters.
“I really hope I am wrong but the way I am setting up the business is that those prices are in place for a bit of time,” Miller said in an interview.
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