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

Enduring US dollar strength and persistent downward pressure on precious metal pricing

PGM pricing dislocations caused by discounted metal flows from Russia and destocking by OEMs and industrial end users

Platinum pricing

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

Auto demand benefiting from heavy duty diesel tightening, switching and elevated industrial offtake

Chinese jewellery re-basing, with strong growth in India and resilient Western demand

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

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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