Polymetal branches out into platinum group metals

Precious metals group Polymetal is to buy up the Svetlobor platinum exploration project in the Sverdlovsk region of Russia through two transactions, the company announced on Tuesday morning.

Precious metals group Polymetal is to buy up the Svetlobor platinum exploration project in the Sverdlovsk region of Russia through two transactions, the company announced on Tuesday morning.

The company said that the acquisitions gives it meaningful exposure to platinum, "a precious metal with limited production outside South Africa and Zimbabwe, countries which face a material risk of significant supply disruptions"

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