MINING INDABA 2026: Sibanye, Valterrra and JM team up to find new applications — and markets — for PGMs

A couple of things are at play here. PGM prices are currently on the rebound. But this is off a low base after being depressed for years – a state of affairs that is partly a consequence of the industry’s heavy exposure to the fate of the internal combustion engine, or ICE.