Valterra CFO Guides Market Development Investments
AI Summary
Valterra Platinum’s CFO and CEO discussed how the company is assessing investments to develop new markets and applications for platinum-group metals. The effort comes as the shift from internal-combustion vehicles to battery-electric vehicles puts pressure on traditional catalytic-converter demand.
Platinum group metals (PGMs) are primarily used for catalytic converters in internal combustion engines. So as ICE vehicles are phased out in favor of battery electric vehicles, PGM miners are seeking new markets and applications for their products. On Bloomberg Chief Future Officer, CFO Sayurie Naidoo and CEO Craig Miller tell Jennifer Zabasajja how Valterra Platinum's finance and marketing teams are evaluating investments in new market development. (Source: Bloomberg)