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.

Market

Primary and secondary supply

Operational headwinds prevalent across sector

Limited changes in primary supply outlook

Some recovery in secondary supply is expected in the short term, with meaningful medium-term growth possible

Uncertain macro outlook

Persistent downward pressure on precious metal pricing

PGM pricing dislocations caused by discounted metal flows from Russia, industrial and automotive end-users destocking portions of their PGM inventory and poor investor sentiment amid an uncertain macroeconomic and geopolitical landscape

Platinum pricing

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

Auto demand to ease as light-vehicle production growth is skewed to BEVs

Jewellery demand stabilising – underpinned by India and the West

Palladium and rhodium demand

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

Palladium auto demand impacted by BEV growth, switching and Chinese thrifting

Weaker auto demand for rhodium, with recovery in industrial offtake

Sustainable development

Asset portfolio

Processing capacity

Capital allocation framework and priorities

Management actions


Strategic partnerships for responsible water stewardship

With the correct frameworks and management, public-private partnerships (PPPs) are being deployed to assist in solving some of South Africa's more intractable electricity and rail logistics constraints to boost the country's economic performance.

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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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