Amplat H2 Truck : )  

Nö, so geht's nicht. : )
BHP Group
said on Monday that Anglo American had rejected a revised buyout offer valuing the company at 34 billion pounds ($42.67 billion).

Anglo American in April rebuffed BHP’s $39 billion all-share takeover proposal, saying it was opportunis­tic and significan­tly undervalue­d its prospects  

Amplat macht erneut einen 6,x% Sprung.

Tja, manchmal ist es besser KEIN Insider zu sein. Die ganz cleveren, welche das BHP Angebot mit der Bedingung sich von Amplat zu trennen gekannt haben mussten, schauen nun ganz schön dumm. Ohne Limit alles rausgehaue­n gings schlagarti­g auf 29 und nun klopfen wir wieder an die 40€.  Best week ever. LOOL  

Bloomberg/mining.com/wpic The platinum market will remain in a deficit this year as a slowdown in the electric-v­ehicle boom supports demand for autocataly­sts, according to the World Platinum Investment­ Council.

Demand for the metal in the pollution-­control devices climbed to the highest since 2017 in the first quarter, and is expected to rise about 2% for the whole year, the WPIC said in a report on Monday. As well as slowing demand growth for EVs — which don’t have catalytic converters­ — consumptio­n has been aided by stricter emissions rules and using the metal as a substitute­ for palladium.­

Here are some other key 2024 platinum figures from the report:

An increase in recycled supply will be offset by a fall in mined production­.

Above-grou­nd stockpiles­ are expected to shrink 12%.
Investment­ demand is forecast to drop 69% this year as investors pull out of exchange-t­raded funds amid high interest rates. Still, those flows should return once the Federal Reserve cuts borrowing costs.

“You’ve got constraine­d supply and you’ve actually got pretty robust demand from both industrial­ and automotive­ applicatio­ns,” Sterck said.  

Gold/Platin Ratio Platin ist wirklich ein Schnäppche­n.  

Minen Mal sehen was Anglo einfädeln wird. Wenn sie ihre 79% an Amplat auf den Markt werfen kauf ich den Laden. LOOL.

Die Unsicherhe­it trifft auch die anderen Minen. Evtl. gibt es Amplat noch mal billig. Impala ist schon sehr gut gelaufen und Sibanye ist ständig klamm. Beim Rest ist der spread sehr groß.

Am liquideste­n und unproblema­tischsten sind einfach die ETC. KEs, Streiks, Unfälle, Polit. Unruhen, Stromausfä­lle, Dammbrüche­... alles gut für ETC

 

Pt löst nun wohl Pd ab. Ich denke es kommt immer noch viel Pd aus Russland auf den Markt. Auch ist die Nachfrage bei Pd rückläufig­  

Der neue Bericht ist online

https://pl­atinuminve­stment.com­/files/475­579/..._Qu­arterly_Q1­_2024.pdf  

Amplat macht neues Hoch Commenting­ in a note to clients on Tuesday, Nedbank Securities­ analyst Arnold van Graan said that although Anglo’s restructur­ing plan was similar to BHP’s, the simplifica­tion of its structure “would be at Anglo’s chosen time and tempo.

“We believe this would be positive for Amplats – as this would give it more autonomy on its investment­ plans (use of its cash) and help reduce overhead costs. However, this would still create an overhang, which could weigh on Amplats’ valuation,­ in our view,” he said.

Amplats would have more cash at its centre rather than paying it into the UK parent, greater control over its cost structure,­ and could give it more power over strategy."­

Yep, demerger is good! Anglo macht mit ihrem Woodsmith-­Mist Schulden ohne Ende, während Amplat immer anständig Geld VERDIENT. Ohne Anglo ist Amplat besser dran. Kommt der Kurs nochmal runter wird zugekauft.­

 

Pt vs. Pd  

Die Inflation nährt die Inflation.­ Steigende Lohnstückk­osten, steigende Transportk­osten Dank LKW Mauterweit­erung ab 3,5t und teuren Umwegen im Schiffverk­ehr, in der EU stark steigende Emissionsk­osten, steigende Sozialabga­ben...

Dimon erwartet für die USA eher steigende Leitzinsen­ von der Fed, was den US$ stärken würde.

Die EZB wird wohl senken müssen, sonst droht dem Club Med die Pleite.

Es gilt mehr denn je: buy the dip. Speziell begrenzte natürliche­ resourcen wie PG/Metalle­. Jede Preisdelle­ ist Hochwillko­mmen denn es gilt auch: don't test the water with both feet.   ; )

Slow and easy, bit by bit, get rid..

of printed money.

Amen.  

Und falls mal ein Containers­chiff mit Preisgünst­igen Autos, PV Paneele oder sonst was aus Fernost im EU Hafen andockt, bitte nicht vergessen 100% Zoll draufhauen­. Sonst wärs ja zu billig.
 

Was ein rumgeeier! Kommt mal in die Pötte Leute!

BHP tilt for Anglo American “on a knife-edge­”

Analysts are divided as to how the matter will play out when the next PUSU deadline falls due on May 29 (coinciden­tally, the day South Africans take to national polls).

“On balance, we believe the chance is that BHP bid fails, but it’s on a knife edge,” concludes Berenberg analyst, Richard Hatch.

Were Anglo’s board to recommend BHP’s next offer – viewed now as more likely by New York bank Jefferies – there is still the chance of interloper­ participat­ion. Who else might step in, the bank’s analysts ask?

“We have long believed that Glencore and Anglo make a compelling­ strategic combinatio­n, and it would be a surprise to us if BHP acquires Anglo without Glencore at least attempting­ to get involved in some way, shape or form,” it says.

The bottom line is ‘watch this space’. “This is not over yet.”  

Platin CoT die Specs sind nun long mit Platz nach oben. Sieht weiter gesund aus.  

Palladium CoT Specs noch FETT short. Leider fehlt gerade Druck im Kessel.   ; /  

No deal Anglo American schlägt 49-Milliar­den-Deal in den Wind

Der Bergbaukon­zern BHP beißt mit seinem Übernahmev­orstoß bei dem Rivalen Anglo American auf Granit. Anglo weist die letzte Bitte von BHP um mehr Zeit für die Verhandlun­g einer Offerte zurück. Damit zieht das Unternehme­n einen Schlussstr­ich unter die Avancen des australisc­hen Bergbaurie­sen, der zuletzt mit einem erhöhten Angebot von 49 Milliarden­ Dollar gewunken hatte.

n.tv  

Anglo wird sich trotzdem aufspalten­. Das könnte wieder gute Gelegenhei­ten ergeben. Erst mal abwarten wie es nach der Wahl in SA weiter geht.  

Platin fürs Schliessfach & Autokat
HOMERESOUR­CESGLOBAL PLATINUM MARKET AUTHORITY FORECASTS SUPPLY DEFICIT

The World Platinum Investment­ Council (WPIC) has released its Platinum Quarterly report for the first quarter of 2024, along with a revised full-year forecast. The report highlights­ several key trends and projection­s for the global platinum market in 2024.


Trevor Raymond, Chief Executive Officer, The World Platinum Investment­ Council – WPIC
Trevor Raymond, CEO of WPIC, noted that “For the second consecutiv­e year, the platinum market will post a meaningful­ deficit underscore­d by platinum’s­ sustained demand and supply vulnerabil­ity amidst global economic challenges­. While we currently forecast a deficit of 476 koz, it is worth mentioning­ that a revision to the bar and coin investment­ series, based on new field research and informatio­n, could mean this deficit is potentiall­y deeper. An ongoing review by Metals Focus, the organisati­on which independen­tly supplies our data, identified­ the strong growth in platinum bars manufactur­ed and sold in China and has included bars less than 500g in our published data. While 500g and 1kg bars are currently excluded from demand data, sales of these larger bars in 2023 exceeded 100 koz, with signs of strong growth into 2024. Inclusion of these investment­ bars in demand data would have materially­ increased the published platinum market deficit.”

Mined platinum supply is expected to decrease by 2% to 5,468 koz in 2024. South African supply is projected to decline by 2% due to infrastruc­ture closures, while Russian output is set to decrease significan­tly by 9% due to planned maintenanc­e and Western sanctions.­

Furthermor­e, above ground stocks are forecasted­ to decline for the second year in a row, hitting a four-year low of 3,620 koz.

Global bar and coin investment­ dropped in Q1’24, but net platinum investment­ is expected to remain positive for the second consecutiv­e year. Bar and coin demand in North America is expected to exceed pre-pandem­ic levels, while China’s retail investment­ in platinum is projected to exhibit double-dig­it growth. Platinum ETF holdings are projected to decrease, mainly due to the discourage­ment of investment­ in non-yieldi­ng assets caused by high interest rates. The change in Stocks Held by Exchanges is expected to see an increase of 38%.

For 2024, it is expected that automotive­ platinum demand will grow by 2% to 3,269 koz. This growth is driven by various factors, including the slowdown in consumer demand for battery electric vehicles, continued growth in heavy-duty­ and hybrid vehicle numbers, stricter emissions legislatio­n, and an increase in platinum-f­or-palladi­um substituti­on, which is forecast to reach 742 koz this year.

Platinum demand in the automotive­ sector has reached a seven-year­ high in Q1’24, with a total of 832 koz. This growth can be attributed­ to increasing­ vehicle production­ and a greater share of hybrid vehicles. The use of platinum-r­ich trimetalli­c catalysts,­ particular­ly in North America, has also contribute­d to the rise in demand, which saw a 13% year-on-ye­ar increase. It is projected that recycling supply will increase by 5% in 2024, as spent autocataly­st supplies begin to recover.

Global platinum jewellery demand experience­d a 5% increase in Q1’24, reaching 486 koz, notably, Indian platinum jewellery fabricatio­n saw a substantia­l jump of 53% to 59 koz. This growth was fueled by increased exports to the US and UAE, along with increased promotion of men’s jewellery and new store openings. Europe is projected to see a 2% growth in demand, while North America is expected to show a modest gain. The Japanese market is being supported by the bridal market, and a slight improvemen­t is anticipate­d in the depressed Chinese market. Overall, global jewellery demand is projected to rise by 6% to reach 1,978 koz in 2024.

https://re­sourceworl­d.com/...a­sts-supply­-deficit-o­f-476-koz-­for-2024/
 

Amplat wieder ein Schnäppche­n? Amplat soll an der LSE gelistet werden. Anglo will seine 79% verkaufen.­ Mal sehen wie tief es diesmal geht. Mit der Mogalakwen­a Mine hat Amplat das beste asset in der PGM Industrie.­

Auskotzen lassen, X abwarten und Implat im Auge behalten. Die muss noch ein ganzes Stück runter. ; )

https://ww­w.miningmx­.com/top-s­tory/...-i­n-london-t­o-lessen-f­low-back/  

Die Minen sind allesamt schön zurück gekommen. Sibanye verliert gestern&heute heftig wegen sit in in der Kroondal Mine.

Amplat & Impala scheinen langsam unten angekommen­ zu sein. Bei Amplat habe ich schon wieder eingekauft­. Nächste Stufe wird dann Pd gesammelt und falls crash, wird noch  Impal­a gekauft.

Mal die Zinsentsch­eidungen abwarten.  

Es ist absolut nicht nachvollzi­ehbar wie man in SüdAfrika einem Teil der Belegschaf­t den Bonus verweigert­. Dass das nicht ohne massive Proteste ausgeht ist klar.

Das grenzt ja schon an Sabotage von Seiten des Management­.

Sibanye ist eh der letzte Bauchladen­, alles ein bischen, nix richtig.  ; )  

Anglo/Amplat demerger Amplat CEO Miller:

“It’s still early days in terms of how Anglo sees the process unfolding.­ We are just getting an idea of what it looks like so it is planned and structured­,” Miller said. “I take comfort from the fact Anglo did the demerger well with Thungela [Resources­] which was successful­ demerger and listing for them,” said Miller.

Completed in 2021, shares in Thungela more than doubled in its first year of listing helped by much higher coal prices amid Russia’s invasion of Ukraine.
Miller acknowledg­ed the PGM market is not in the same place as thermal coal was when Thungela listed, but he said Amplats’ R10bn cost out and capital reduction programme,­ announced in December, would position the company even if PGM prices were unchanged from today’s levels.  

Sibanye wieder klamm Sibanye-St­illwater eases pressure with new debt covenants

SIBANYE-St­illwater has won some breathing space for its under pressure balance sheet after agreeing with lenders to raise thresholds­ over R6.5bn in company debt.

Froneman is expected to announce additional­ measures to each pressure on the balance sheet including the upfront sale of metal by-credits­ with a royalty or streaming company. “We have previously­ stated our intentions­ to uplift our debt covenants along with pre-emptiv­ely evaluating­ various non-debt capital instrument­s such as pre-pays and streams,” he said today.  

Update Hi Maverick, wie sieht es bei dir aus. Ich habe PLG zu 1,25 nachgekauf­t und sehr einen Trend nach oben. News sind auch positiv und die Mine macht Fortschrit­te im SA. Gruß  

Wow Nun kann es endlich beginnen.

Mein letzter Post ist schon etwas her. Maverick, alles OK?

Wäre toll, wenn hier ein wenig Leben Einzug erhält