2019-10-11 7719Secondary browse
Share to: Impala Platinum is confident that Platinum group metals will pay $758 million for north American palladium
Source: Shanghai nonferrous net
Abstract:
Impala Platinum Holdings Ltd of South Africa said on Monday it would buy canada-based North American Palladium for about c $1 billion ($757.7 million), its first acquisition outside Africa. Implats chief executive Nick Muller said the acquisition showed the company's confidence in the platinum-group metals (PGM) market.
Impala Platinum Holdings Ltd of South Africa said Monday it will buy canadian-based North American Palladium for about c $1 billion ($757.7 million), its first acquisition outside Africa.
Implats chief executive Nick Muller said the acquisition showed the company's confidence in the platinum-group metals (PGM) market.
So far, palladium prices have doubled from last August's lows, as tighter environmental regulations now force auto makers to lean toward palladium.