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- 11 September 2026
Copper hits an all-time high of $14,858.50 a tonne
Three-month copper on the London Metal Exchange touched a record $14,858.50 a tonne on 10 September 2026, up about 19% for the year and 48% over twelve months.
WPIC reverses course, now sees a platinum surplus in 2026
The World Platinum Investment Council forecast on 9 September 2026 that platinum would run a 265,000-ounce surplus for the year, reversing an earlier deficit call after heavy first-half investment outflows.
Copper surges to a fresh record on the LME as tariff fears drain supply
Three-month copper on the London Metal Exchange hit a fresh record near $14,635 a tonne on 8 September 2026, driven by tariff-related trade distortion and falling DRC output.
Gold slips to $4,400 as blowout US jobs data revives hawkish Fed bets
Gold fell to about $4,400 an ounce on 8 September 2026 after a strong US jobs report strengthened the case for a hawkish Federal Reserve stance.
JSE reclaims 116,000 as gold and platinum miners surge 38% and 21.6% in August
The FTSE/JSE All Share Index closed at 116,687.82 on 3 September 2026 as gold mining equities surged about 38% and PGM producers gained 21.6% during August.
Implats profit soars 40-fold, dividend jumps elevenfold on platinum price rally
Impala Platinum reported on 3 September 2026 that annual net income surged more than 40 times to R31bn as platinum prices rallied, allowing the group to raise its total dividend more than elevenfold to R17.1bn.
Sibanye-Stillwater reinstates dividend after three years as PGM prices roar back
Sibanye-Stillwater declared its first dividend in three years on 1 September 2026, paying R5.7bn after H1 2026 EBITDA rose 111% on the back of a 67% rise in its PGM basket price.
Global gold ETF holdings hit a record 4,189 tonnes in August
Global gold-backed ETF holdings reached a record 4,189 tonnes in August 2026, with $18bn of inflows for the month, World Gold Council data showed.
Gold Fields more than doubles interim dividend as record gold price lifts cash flow
Gold Fields reported an 81% rise in H1 2026 attributable profit on 25 August 2026, more than doubling its interim dividend to R16.25 a share and expanding its share buyback programme to $1.25bn.
Iridium and ruthenium tipped as PGM market's next big demand story
Analysts and PGM producer executives say demand for iridium and ruthenium from AI-related data storage, optical networks and semiconductors is emerging as a significant new driver for the sector.
Rand briefly breaches R16 to the dollar, its strongest in months
The rand briefly broke through R16 to the US dollar in the week of 18-24 August 2026, its strongest level in months, having gained about 8.9% against the dollar over the prior year.
Rand hits R16.06 as gold's third straight weekly gain lifts risk appetite
The rand strengthened to R16.0550 to the dollar on 21 August 2026 as gold tracked a third consecutive weekly advance and the US dollar weakened broadly.
Thungela more than doubles interim dividend as coal prices rebound
Thungela Resources reported on 17 August 2026 that H1 2026 profit jumped as coal prices and rail performance improved, lifting its interim dividend to R5.50 a share from R2 a year earlier.
Gold sales jump 126% as mineral sales hit R86.1bn in June
South Africa's mineral sales rose 27% year-on-year to R86.1bn in June 2026, Stats SA data published on 14 August showed, with gold sales up almost 126%.
AngloGold Ashanti shares surge 26% in the week after H1 results
AngloGold Ashanti's share price rose 26% in the week following its H1 2026 results, reaching about $121, as EBITDA surged 82% to $4.265bn on high gold prices.
China's central bank buys gold for a 21st straight month
The People's Bank of China added 20 tonnes of gold to reserves in July 2026, its largest monthly addition since late 2023, World Gold Council data published on 14 August showed.
Mining output falls 4% in June as PGMs, coal and iron ore all decline
South African mining production fell 4% year-on-year in June 2026, Stats SA data published on 13 August showed, worse than the 3.3% decline analysts had forecast.
Richards Bay coal price steadies near $105 a tonne as market avoids a repeat of 2022's spike
The API4 Richards Bay thermal coal price stood at $105.75 a tonne on 7 August 2026, far below the roughly $400 a tonne peak reached during the 2022 energy crisis.
Gold touches a two-month high near $4,450 on renewed rate-cut bets
Gold rallied to a two-month peak near $4,450 an ounce in early August 2026, its largest weekly gain since January, as traders reduced bets on a September Fed rate increase.
PGM basket price surges 85% as platinum, palladium and rhodium all rally
South African PGM producers' realised basket price rose 85% year-on-year to $2,801 an ounce in the first half of 2026, as platinum, palladium and rhodium rallied together.
Gold demand proves resilient even as Q2 price momentum cools
World Gold Council data published on 30 July 2026 showed central banks bought 289 tonnes of gold in the second quarter, the strongest Q2 on record, even as ETF investment fell.