Briefs
Implats expects platinum prices to remain low
Impala Platinum expects the metal's prices to remain lower for longer due to oversupply.
Graph depicting IMPLAT'S performance for the last three months.
JOHANNESBURG (Reuters) – South Africa's Impala Platinum expects prices for the white metal to remain "lower for longer" due to oversupply, chief executive Terence Goodlace said on Thursday.
Goodlace said at the company's interim results presentation that above-ground inventories would impact prices negatively in the short term but expects deficit markets in the medium to long-term, which would be a period of three to five years.