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PlatinumInvestingSouthern Africa

Sibanye-Stillwater to declare force majeure on South African platinum output

Platinum producer Sibanye-Stillwater said on Monday it would declare force majeure on supply contracts for platinum group metals after it temporarily closed its South African mines to comply with a three-week national lockdown.

“We are unable to supply (customers) with metal because now our operations have closed down so we will have to declare force majeure,” said Sibanye spokesman James Wellsted, adding that demand from automotive customers had fallen.

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