Implats seeks to deliver sustained value to its stakeholders. This is achieved by leveraging, strengthening and growing the Group’s competitive mineral portfolio and collection of processing assets, and through its commitment to sustainable development, operational excellence and an optimal capital allocation framework.


Primary and secondary supply

Operational headwinds prevalent across sector

Limited changes in primary supply outlook

Secondary supply remains challenged by capacity constraints and weak auto demand

Uncertain macro outlook

Zero-Covid policy in China continues to present short-term risks to the pattern of demand

Supply chains remain constrained and geo-political tensions threaten Russian supply and European demand

Platinum pricing

Near-term platinum pricing dictated by investor sentiment and macro-economic news flow

Return of inflation and tapering of monetary policy

Demand benefiting from HDD, switching and strong industrial offtake

Palladium and rhodium demand

Robust medium-term demand

Recovery in auto demand, dominance of gasoline ICE in the medium-term, results in tight physical markets

Sustainable development

Asset portfolio

Processing capacity

Capital allocation framework and priorities

Management actions

Improving our climate change-related practices and disclosures

The Financial Services Boards Task Force on Climate-related Financial Disclosures (TCFD) recommendations for voluntary and consistent climate-related financial risk disclosures has gained prominence as a guide to best practice reporting on climate change.

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Increasing use of technology to monitor tailings dams

Technology has a vital role in strengthening the monitoring of our tailings facilities. A particular focus is the increasing use of drones to monitor environmental and critical controls, and to document inspections through photographs and video.

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Growing the hydrogen economy

Hydrogen is a versatile, zero-emission energy carrier with a high energy density. It can also be stored in large quantities and for long periods. The Hydrogen Council currently estimates that hydrogen could represent 18% of global energy demand by 2050.

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