Africa Headlines International

Rise of EV cars, bad news for South Africa’s Platinum production

The rise of electric vehicles and demand for metals used in battery manufacturing caused a decline in demand for South Africa’s platinum, a crucial component in combustion engines. In a detailed report, EVmagazine.com, explains the steep drop in platinum output in South Africa, the world’s leading producer. “Platinum, once commanding more than US$2,000 an ounce, […]