---
title: "Impala Platinum cool on new projects despite price rally"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277914759.md"
description: "Impala Platinum's CEO, Nico Muller, stated that the recent rise in platinum group metal prices does not warrant new mining projects. He highlighted the long-term threat posed by the increasing adoption of electric vehicles, which do not require traditional catalytic converters used in conventional cars."
datetime: "2026-03-05T09:53:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277914759.md)
  - [en](https://longbridge.com/en/news/277914759.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277914759.md)
---

# Impala Platinum cool on new projects despite price rally

By Nelson Banya March 5 (Reuters) - The current rally in prices of platinum group metals does not justify new mining projects given the industry still faces the long-term threat from the growing adoption of electric vehicles, Impala Platinum CEO Nico Muller said on Thursday. Unlike conventional vehicles, electric cars do not need emission-curbing catalytic converters, which have been for decades

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