RE: Investors' Chronicle4 Jun 2025 13:18
platinum giant lists in london amid hopes of market turnaround
anglo american adds a secondary listing as part of the mining group’s restructuring
platinum giant lists in london amid hopes of market turnaround
published on june 3, 2025
by alex hamer
london has a new major mining company this week as anglo american (aal) demerges valterra platinum (valt), and the secondary listing arrives amid early signs of a recovery for the precious metal price.
a market value of £8bn makes valterra one of london’s largest pure-play mining companies, just behind fresnillo (fres) and anto***asta (anto). despite its size, valterra won’t join the ftse 100 because its primary listing remains overseas, in johannesburg.
prices of platinum group metals (pgms), which refers to platinum, palladium, rhodium and others, have fallen in recent years because of lower demand from the car industry, which uses them for exhaust systems.