Shares of Zimplats at Two-Year High, Southern Palladium Hits All-Time High on Platinum Rally

MT Newswires Live

2025/12/29

Shares of Zimplats Holdings (ASX:ZIM) edged down after earlier reaching their highest level in over two years, while Southern Palladium (ASX:SPD) fell around 3% after hitting an all-time high in Monday's trade as platinum surged to an all-time high, buoyed by supply constraints, an unexpected European Union (EU) policy reversal on the 2035 combustion-engine ban, and a shift in investor interest away from gold.

Platinum rose 8% to an all-time high at $2,413.62 per ounce on Dec. 26.

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