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Buoyant PGM prices helped Sylvania Platinum more than double net profit in FY2020 despite a 4% drop in production caused by South Africa’s COVID-19 lockdown.
Sylvania's Doornbosch operations in South Africa
The South Africa-focused company, saw its PGM basket price rise by 58% year-on-year to US$2,015/oz in FY2020, driven mainly by higher rhodium and palladium prices.
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