Platinum output to decline by 4%

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ZIMBABWE’s platinum production is projected to decline by four percent to 491 000 ounces this year, from 2024’s all-time high, projections from the World Platinum Investment Council (WPIC) indicate.

The WPIC said the decline is largely due to the depletion of semi-finished inventory that had supported last year’s production. It added that ongoing and widespread power disruptions continue to pose a significant challenge to platinum production.

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