The mining industry shed 23 000 jobs from 2012 to 2019, according to a Statistics South Africa report.
Palladium and rhodium are used in cars for catalytic converters, which control exhaust emissions. Vehicle demand is the single largest demand segment for platinum. Only battery electric vehicles do not contain any PGMs.pandemic hit the global economy. Lockdowns across the world were followed by higher demand for PGMs as parts of the global economy started to reopen and automobile production was ramped up.
According to the statistics agency, for the first time since 2010, the value of PGM sales was on par with coal sales in 2019. But in 2020 PGM sales overtook those of coal to become the most significant contributor to total mining-industry sales — reaching R190-billion in 2020.Thanks for enjoying the, we’re proud of our 36 year history, throughout which we have delivered to readers the most important, unbiased stories in South Africa.
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