Platinum Group Metals Ltd. stands at a pivotal moment as research indicates the onset of sustained global platinum scarcity. The company is advancing its large-scale Waterberg Project in South Africa, an asset that could help address what analysts describe as a structural platinum shortage with consequences across the automotive, industrial and clean energy sectors. Located on the northern limb of South Africa's Bushveld Complex, the Waterberg deposit is designed as a bulk, mechanized, decline accessible underground mine with an emphasis on platinum, palladium, rhodium and gold. The project contains large-scale, shallow, thick mineralized zones suitable for modern, low-cost production methods.
The 2024 Waterberg definitive feasibility study highlights the potential for a long-life mine and production profile that could serve both the automotive and emerging hydrogen sectors. The company's position comes as deficits in platinum group metals deepen globally. Platinum is essential for catalytic converters in vehicles, industrial applications, and emerging clean energy technologies including hydrogen fuel cells. The structural shortage could impact manufacturing costs, technological advancement in clean energy, and global supply chains dependent on these critical metals. For more information about the company, visit www.PlatinumGroupMetals.net.
The Waterberg Project was discovered by Platinum Group and is being jointly developed with partners including Implats, Mnombo and HJM. As the operator of the project, Platinum Group Metals is positioned to contribute to addressing the supply deficit through what could become a significant source of platinum group metals production. The project's development timeline and production capacity will be critical factors in determining its impact on global markets facing increasing demand for these essential materials. The latest news and updates relating to PLG are available in the company's newsroom at https://ibn.fm/PLG.
