ZAWYA-SNG: South Africa: Valterra forsees 106% profit rise on back of record platinum price

About this update from Valterra Platinum Limited

First published: 27-Jan-2026 13:17:13Staff WriterValterra Platinum said it expects its annual profit to rise by as much as 106%, on the back of a record rally in platinum prices and operational cost reductions.Valterra said that, under its updated outlook, it expects headline earnings between R15.6bn and R17.3bn in the year ended 31 December, up from R8.4bn rand the previous year.The earnings for the period were boosted by a 26% increase in prices for the platinum group metals (PGM) basket as well as R5bn worth of operational cost reductions, which more than offset the impact of inflation and R1.7bn in one-off demerger-related costs, it said in a trading statement.Valterra, the world's top platinum producer by value, was demerged from its restructuring former parent company, Anglo American, last May.Spot platinum prices hit a record $2,684.43 an ounce, up 27% year-to-date.The price of platinum, which is used to make catalytic converters that curb vehicle emissions, is being driven up by the European Union's U-turn on a 2035 combustion-engine ban, tight supply and rising investment demand for precious metals.Valterra will publish its results for the 2025 financial year on 25 February.All rights reserved. © 2026. Bizcommunity.com Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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