Rethinking EV Projections And The Implications For PGMs And South Africa
Loading player...
Guest – Meryl Pick, Head of Equities Research at Old Mutual Investment Group.
It has been almost a decade since the Paris Accords were adopted by over 190 countries. The global agreement to a climate risk transition – to be actioned through various policies, including bans on the sales of petrol and diesel fueled vehicles – earmarked the start of the end for industries such as the Platinum Group Metals (PGMs). However, the reality is looking different.
And as the largest producer and exporter of PGMs, what happens to the sector matters to South Africa. This is more than just an existential ESG matter, but one of grassroots societal importance to a country that is built on mineral wealth and mining.
It has been almost a decade since the Paris Accords were adopted by over 190 countries. The global agreement to a climate risk transition – to be actioned through various policies, including bans on the sales of petrol and diesel fueled vehicles – earmarked the start of the end for industries such as the Platinum Group Metals (PGMs). However, the reality is looking different.
And as the largest producer and exporter of PGMs, what happens to the sector matters to South Africa. This is more than just an existential ESG matter, but one of grassroots societal importance to a country that is built on mineral wealth and mining.
