By ETimes
HARARE – ZIMBABWE’S platinum production fell 13% year-on-year to 115 000 ounces in Q1 2025 and dropped 5% quarter-on-quarter, the latest report shows.
In Q4 2024, the country’s platinum output stood at 121 000 ounces.
The World Platinum Investment Council (WPIC) attributed the drop in the country’s output to: “maintenance and lower grades at Unki, along with reduced availability of the mechanised fleet and optimisation work at the furnace, impacted Zimplats.”
After reaching an all-time high in 2024, Zimbabwean platinum production is forecast to decline by 4% year-on-year to 491 000 ounces.
“The drop reflects the depletion of semi-finished inventory that supported last year’s output, as well as ongoing regional power disruptions.”
The southern African nation hosts the second largest Platinum Group Metals resource in the world after South Africa, on the Great Dyke. It has three platinum-producing mines – Zimplats, Mimosa and Unki.
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