Mining.com
“Our first pass analysis is that group [earnings before interest, tax, depreciation and amortization] could decline by 15%, before allowing for any potential price increases as a result of the reduced supply,” Edward Sterck, analyst at BMO Capital Markets, said in a note to investors.
“However, PGM prices are running well above our base case forecasts and it seems likely that production cuts of these magnitudes are likely to stimulate further positive price responses,” Sterck wrote.
