Impala Platinum Holdings press release ( IMPUY ): 1H Non-GAAP EPS of R0.01035. Revenue of R60.77B (+43.7% Y/Y). Group 6E production increased by 1% to 1.80Moz. Managed operations’ 6E production increased by 1% to 1.41Moz. Joint venture 6E concentrate production was 3% lower at 272koz. Third-party 6E receipts increased by 12% to 115koz. Refined and saleable 6E production was stable at 1.78Moz. Exce...
Impala Platinum Holdings press release ( IMPUY ): 1H Non-GAAP EPS of R0.01035. Revenue of R60.77B (+43.7% Y/Y). Group 6E production increased by 1% to 1.80Moz. Managed operations’ 6E production increased by 1% to 1.41Moz. Joint venture 6E concentrate production was 3% lower at 272koz. Third-party 6E receipts increased by 12% to 115koz. Refined and saleable 6E production was stable at 1.78Moz. Excess 6E inventory of 400koz reduced by 20koz from FY2025. On track to meet previously communicated FY2026 refined production, unit cost and capital expenditure guidance More on Impala Platinum Holdings Impala Platinum Holdings Limited 2026 Q2 - Results - Earnings Call Presentation Impala Platinum: Its Market-Driven Run Could Last, But Crash Risk Has Mounted Seeking Alpha’s Quant Rating on Impala Platinum Holdings Historical earnings data for Impala Platinum Holdings Dividend scorecard for Impala Platinum Holdings
Olekcii Mach/iStock via Getty Images By Warren Patterson , Head of Commodities Strategy | Ewa Manthey , Commodities Strategist Energy - Putin’s gas threat to the EU We could see a strong open in European gas markets today, with President Putin saying Russia will consider redirecting gas supplies away from the EU. Russian gas flows to the EU have fallen substantially in recent years and flows were ...
Olekcii Mach/iStock via Getty Images By Warren Patterson , Head of Commodities Strategy | Ewa Manthey , Commodities Strategist Energy - Putin’s gas threat to the EU We could see a strong open in European gas markets today, with President Putin saying Russia will consider redirecting gas supplies away from the EU. Russian gas flows to the EU have fallen substantially in recent years and flows were set to gradually start falling further from April 2026 through until the end of 2027 amid an EU ban on Russian gas imports. This poses risks to the European balance amid the current supply impact from the Persian Gulf. Meanwhile, EU gas storage is tight at less than 30% full and around levels seen at the same stage in 2022. Putin’s threat puts a sizeable amount of supply at risk. In 2025, the EU imported almost 38bcm of natural gas/LNG from Russia, 12% of total EU gas/LNG imports. These imports from Russia consisted of 20bcm of LNG and 18bcm of pipeline flows (via Turkstream). We believe LNG flows are the key risk. In more normal times it would be more manageable with the global LNG market to see an adjustment in trade flows over time. However, with 110bcm per year of Persian Gulf impacted currently, this would be a challenge for Europe. The tightness in the global LNG market amid Middle East developments means Asian buyers are looking for alternative supply. Spot Asian LNG has traded as much as a $6/MMBtu premium to TTF this week, although the spread has fallen back to around $3.40/MMBtu more recently. Meanwhile, there is probably less risk to the majority of pipeline flows, with Putin likely to continue to supply Hungary and Slovakia. It is also more difficult to divert pipeline flows, unless Turkey takes a portion of this pipeline gas amid LNG shortages. We will need to wait to see how serious Putin’s threat turns out to be, and logistically, how easy it would be to divert LNG flows. It would be more doable through spring and summer, as vessels can take the northern rout...