Valterra Platinum Emerges as Independent PGM Producer

Shares of Valterra Platinum, the company formerly known as Anglo American Platinum, saw a notable gain following the formal completion of its separation from Anglo American plc. The American Depositary Receipts (ADRs) advanced approximately 2.3% to $14.21. This market response suggests investors are beginning to value the equity as a pure-play investment in platinum group metals (PGMs), potentially removing what was once considered a conglomerate discount.

In a recent operational update covering the period to late October, Valterra reported a 2% year-on-year decline in PGM production. The company’s strategic focus is shifting increasingly toward higher-margin assets, including the Mogalakwena and Mototolo operations. The recent share price movement reflects a significant shift: previously, the Read more...