Impala Platinum cool on new projects despite price rally

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.

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