Tharisa has released its Q3 production report. PGM production is up 15% both Q-o-Q and Y-o-Y to 39.6koz, reflecting improved recovery and feed grade. Chrome production is down 2% Q-o-Q to 393.8kt due to lower throughput and lower recoveries, offset by better grade, and has essentially remained flat Y-o-Y. Although the average PGM basket price has come off recent highs, down by 12% Q-o-Q, it is still up 70% Y-o-Y, and fundamentals are expected to remain robust going forward. As a result, the comp ....
