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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 ja, it's in catalytic converters. But the metal price fell and mining costs more when the rand…by @dividend_mum_ayesha 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?”
Ayesha P.@dividend_mum_ayesha·Neutral
@lerato_tfsa ja, it's in catalytic converters. But the metal price fell and mining costs more when the rand is weak, so the profit shrinks even if cars still need it.