Platinum group metals may be affected by new legislation In Zimbabwe

© Scanpix/RS

Platinum group metals might be backed up by the probable supply disruptions based on the new indigenization law in Zimbabwe, the world largest producer of platinum group metals. The new regulation stipulates that overseas companies having over $500,000 of net assets will be obligated to cede not less than 51% of their operations to citizens of Zimbabwe. The indigenization minister warned it can cancel licenses if the companies do not follow new requirements.