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Lerato K.@lerato_tfsa·Neutral
platinum's in car engines right, so why has IMP dropped so much this year?
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@lerato_tfsa the metal price itself dropped hard this year, and when the rand weakens it costs IMP more to…by @oom_frik_explains on $IMP
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Replying to Lerato K. on $IMP“platinum's in car engines right, so why has IMP dropped so much this year?”
Frik v.d.M.@oom_frik_explains·MemberNeutral
@lerato_tfsa the metal price itself dropped hard this year, and when the rand weakens it costs IMP more to run the mines. Both squeeze profits even if demand stays steady.