Sylvania Platinum focuses on the re-treatment and recovery of platinum group metals (PGMs) including platinum, palladium and rhodium, mainly from tailings dumps and other surface sources, but also lesser amounts of run-of-mine underground ore from Samancor chrome mines in South Africa.

PGM prices, especially platinum, iridium and ruthenium, will likely benefit from their use in the future hydrogen economy in the medium term. We think PGM prices will rise in contrast as battery materials shortages emerge in the second half of this decade as higher than generally expected internal combustion engine car sales push up PGM prices. Lower production from South African PGM producers due to power cuts, and in Russia due to equipment spares shortages, and steady Chinese demand may support prices in the medium term.