Industry Revenues:

• Platinum: approx. 60%
• Palladium: approx. 25%
• Rhodium and other metals: approx. 15%

TOP 3 Markets:

• South Africa: approx. 40%
• Europe: approx. 30%
• North America: approx. 20%

Impala Platinum Holdings Limited generates the majority of its revenues from the sale of platinum, followed by palladium and rhodium. The South African market is the largest single market, attributed to the geographical location of the mines and strong local demand. Europe and North America are also significant markets benefiting from the automotive industry and demand for catalysts.

Main production sites:

• South Africa: Rustenburg, Marula, Two Rivers
• Zimbabwe: Zimplats, Mimosa

Impala Platinum Holdings Limited, also known as Implats, is a leading producer of platinum and other platinum group metals. The company's main production facilities are located in South Africa and Zimbabwe. In South Africa, Implats operates mines in Rustenburg, Marula, and Two Rivers. In Zimbabwe, the company is active through its interests in Zimplats and Mimosa.

These sites are strategically important as they are located in regions with rich platinum deposits, which support production efficiency and cost-effectiveness.

Growth Strategy: Diversification and Sustainability (2025)

Impala Platinum Holdings Limited (Implats) is pursuing a growth strategy focused on diversification and sustainability. The company is increasing its investments in expanding its production capacities, particularly through the development of new mines and the modernization of existing facilities.

Another key focus is on diversifying the product portfolio to reduce dependence on traditional platinum group metals. This includes investments in metals used in battery manufacturing and renewable energies.

In addition, Implats is prioritizing sustainable practices to reduce its ecological footprint. This includes initiatives to lower CO2 emissions and improve water and energy efficiency in its operations. These measures are intended not only to minimize environmental impact but also to ensure long-term profitability.

Main raw materials: Nickel, copper, cobalt
Main importing countries: Russia, Canada, Australia

Impala Platinum Holdings Limited is a leading company in the platinum metal industry. In addition to platinum, the company also requires other raw materials such as nickel, copper, and cobalt, which are essential for the refining and manufacturing of platinum products.

Russia is one of the largest exporters of nickel, while Canada and Australia are significant suppliers of copper and cobalt. These countries offer high-quality raw materials that are crucial for the production of platinum metals.

Dependence on these imports is important for Impala Platinum to maintain production capacities and meet demand in the global market.

Market share: Approximately 25% of global platinum production (2023)
Cost structure: Among the top 3 most cost-efficient platinum producers (2023)
Resource base: Over 250 million ounces of platinum reserves (2023)

Impala Platinum Holdings Limited (Implats) has a significant competitive advantage in the platinum industry. The company benefits from a considerable market share, making it one of the leading producers worldwide. This strong market position is supported by an efficient cost structure, which makes Implats one of the most cost-efficient producers in the industry.

Another key advantage is the extensive resource base, which enables Implats to have stable production in the long term. Together, these factors give the company a robust competitive position, which is further strengthened by strategic investments in technology and sustainable practices.

Institutional Investor Share: 65% (estimated for 2025)

Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in Impala Platinum Holdings Limited is estimated to be around 65%. This high participation indicates a strong trust by institutional investors in the company's long-term performance.

In 2024, there were no significant insider transactions, which could suggest a stable assessment of the company's value by management and other insiders. This can be seen as a sign that management has confidence in the current strategic direction and market position of the company.

Market share of Impala Platinum Holdings Limited: 22% (2025, estimated)

Top 5 competitors and their market shares:

1. Anglo American Platinum: 30%
2. Sibanye Stillwater: 25%
3. Impala Platinum Holdings Limited: 22%
4. Northam Platinum: 15%
5. Royal Bafokeng Platinum: 8%

Moat of Impala Platinum Holdings Limited:

Impala Platinum Holdings Limited (Implats) has a significant moat due to its extensive platinum reserves and well-established infrastructure in South Africa and Zimbabwe. This geographical presence enables Implats to benefit from low production costs and to flexibly respond to market demands.

However, compared to its competitors, Implats has a less diversified product mix, which can pose a risk during times of platinum market price fluctuations. For example, Anglo American Platinum has a broader product mix and a stronger global presence, which can be considered as a larger moat.

On the other hand, Sibanye Stillwater has strengthened its market position through strategic acquisitions and diversification into other precious metals such as gold and palladium, which is also considered a significant moat.

Overall, Implats has a solid moat, but compared to some competitors, it is less pronounced, especially in terms of diversification and global reach.

Revenue Growth: 8% (2024) Profit Growth: 5% (2024) Platinum Production: 3.2 million ounces (2024)

Impala Platinum Holdings Limited (Implats) recorded a revenue growth of 8% in 2024, attributed to stable demand for platinum and related metals. Profit growth was at 5%, indicating increased production costs and volatile commodity prices.

Platinum production amounted to 3.2 million ounces, representing a slight increase compared to the previous year. This production increase demonstrates the company's ability to expand its capacities and benefit from demand.

For investors, Implats could be an interesting option, especially for those interested in the long-term development of the commodity market. The company's ability to increase production while achieving moderate profit growth speaks to a solid operational foundation.

However, it is important to consider the risks associated with commodity price volatility and geopolitical uncertainties that can impact the mining industry. A detailed analysis of the company's strategy and market developments would be advisable to make an informed investment decision.

Dividend Yield: 3.5% (estimated for 2025)
Dividend History: Regular payouts in recent years

Impala Platinum Holdings Limited has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield for 2025 is around 3.5%, based on previous payouts and current market conditions.

The company has benefited from stable platinum prices in the past, supporting its ability to pay dividends. Analysts expect that Impala Platinum will maintain its dividend policy as long as commodity prices remain stable and production costs are under control.