Think tank the Mapungubwe Institute for Strategic Reflection (Mistra) has reiterated its call for the formation of a Platinum Group Metals (PGMs) Exchange in South Africa, given that many stakeholders are losing out on value that could have been created in a less volatile market system. The organisation on August 28 convened a dialogue between stakeholders including the South African Reserve Bank, trade unions, platinum producers and the Department of Mineral Resources and Energy, to iron out some of the concerns around the practicality of such an exchange.
Think tank the Mapungubwe Institute for Strategic Reflection has reiterated its call for the formation of a Platinum Group Metals Exchange in South Africa, given that many stakeholders are losing out on value that could have been created in a less volatile market system.
Hydrogen is essential to decarbonise sectors where emissions are hard to abate, including aviation, maritime and high-heat manufacturing. Apprehensions have been raised, however, with regard to the ability to implement a PGMs Exchange, given that it would be a voluntary initiative for PGMs producers. There are also the technical matters involved, including whether the implementation of an exchange should be conducted in a phased approach or not.
Price discovery results from the rules-based interaction among market participants, including buyers and sellers, for the exchange of a commodity. During this interaction, process information reflecting supply and demand fundamentals is revealed by the market participants, which facilitates the discovery of a price and the conclusion of an exchange contract.
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