Welcome to Gold Bank Podcast. Today we’re covering a big platinum headline out of South Africa and why a sharp move in platinum markets matters for UK investors watching precious metals, miners, and inflation-sensitive assets.

Main news

South Africa’s Northam Platinum reported a 25-fold surge in half-year profit for the six months ending 31 December 2025, driven by higher metal prices and increased production, and it declared a record interim dividend. Refined metal output rose 3.7% to 467,818 ounces, metal sales jumped nearly 14%, and revenue climbed 60% to 23.2 billion rand, helped by a 53% increase in its basket price.

Spot platinum more than doubled in 2025 and hit a record above $2,700/oz in late January, supported by tight supply and rising investment demand.

Market or investor insight

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