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Production grew by 5% & Sales volume Falls by 3% YoY at Anglo American Anglo American Platinum announces another strong financial and operational performance for the 12 months for the year 2018. Commenting on the results, Anglo American Platinum CEO Chris Griffith said, “The fact that two of our colleagues died at work in 2018 is deeply tragic and felt by every one of us. Notwithstanding the significant improvement in the number of fatalities and injury rates, these tragic deaths have heightened our resolve and efforts to eliminate fatalities. “Operationally and financially, we had a very strong year. Record production performances from Mogalakwena, Unki and Kroondal saw total platinum group metal (PGM) production increasing by 4%. We increased our free cash flow by 60% and reduced net debt by R4.7 billion turning to a net cash position of R2.9bn at the end of 2018. I am pleased to report that, given this performance and the improving market outlook for PGMs,

Palladium record price surge continues Palladium caught yet another bid this week, once again hitting fresh highs Thursday of around $1,180/oz, and only just shy of that during Friday trade, as speculators bought into already tight physical market conditions, sources said.   One trader said to S&P Global Platts that palladium is the one thing that keeps him up at night. He said he believes that the metal has a lot more upside, but having already gained around 40% since August alone, he is cautious of getting too long. Palladium in short supply since 2012 was given a boost last year by the move away from diesel cars. The metal is primarily used in petrol vehicle autocatalysts to reduce emissions. Its price came within $30 of the gold price for a time Thursday, something analysts at Commerz bank said they would not have believed possible just a few months ago. The bank attributed the price surge to buying on the futures market, with Thursday's trading volu