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.
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Rhodium crashes 10% in ten days as surplus fears take hold
Rhodium prices fell about 10% in ten trading days in late May 2026, dropping to around $9,000 an ounce as the market repriced from deficit to expected surplus.
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JSE: IMPPGMsImplatsOne of the world's largest PGM producers, incorporated in 1966 and headquartered in Illovo, Johannesburg. Implats mines on the two richest PGM ore bodies, South Africa's Bushveld Complex and Zimbabwe's Great Dyke, and also runs Impala Refining Services, which toll-treats metal for other producers.
JSE: NPHPGMsNortham PlatinumA JSE-listed PGM producer founded in 1977 that has grown into a mid-tier miner with its own smelter and base metals removal plant. In August 2026 it disclosed an unsolicited, non-binding approach from another South African PGM producer and opened a competitive process for corporate or asset-level offers.
JSE: SSWPGMsSibanye-StillwaterJohannesburg-based precious metals group built through a run of acquisitions after Gold Fields spun off its older South African gold mines in the early 2010s. It is one of the world's largest primary producers of platinum, palladium and rhodium and a major gold producer. Richard Stewart, who succeeded founding CEO Neal Froneman, has put further dealmaking on hold in favour of cost cuts and organic projects.
LSE: THSPGMsTharisaDual PGM and chrome producer founded in 2008 and incorporated in Cyprus, listed on both the London and Johannesburg exchanges. Its integrated model markets chrome concentrate alongside platinum group metals from the same ore.