At least 730 people were killed and 1,367 others wounded in the Gaza Strip since the Israeli military resumed intense airstrikes across the enclave on March 18 ending a two-month truce, the Gaza-based health authorities said in a statement on Monday.
In the past 24 hours, Israeli attacks killed at least 65 people including two journalists, bringing the total death toll to 50,082 since the conflict broke out on October 7, 2023, the statement said. Among the killed people, 15,613 are children, it said.
Israeli forces continued their offensive on Friday, striking targets across the Gaza Strip, from Nuseirat in the central region to Rafah and Khan Younis in the south, and Jabalia in the north.
Meanwhile, Israeli military claimed to have killed 20 Palestinian militants, arrested about 30 individuals during operations in Rafah, and launched raid on a Hamas command center in the area, according to Israeli media.
Munir al-Bursh, head of Gaza-based health authorities said seven percent of the population in the Gaza Strip have been either killed or injured since October 7, 2023.
Renewed Israeli attacks on Gaza kills at least 730 people: health authorities
Renewed Israeli attacks on Gaza kills at least 730 people: health authorities
Renewed Israeli attacks on Gaza kills at least 730 people: health authorities
South African investment analysts and mining industry insiders are betting that the country's position as a leading producer of platinum group metals (PGMs), which are widely used in hydrogen, fuel cell and emissions reduction technologies, will offset the pain inflicted by U.S. tariffs targeting other South African exports.
As part of the Trump administration's tariff policy, all South African goods entering the U.S. are now subject to a 30-percent duty, with a specific 25-percent tariff imposed on vehicles and car parts. However, key mineral exports such as PGMs, coal, gold, manganese and chrome have been explicitly excluded from these new tariffs.
Platinum, together with other critical minerals like palladium and rhodium, is used to make auto catalysts for vehicle exhausts.
Robbie Proctor, an investment analyst with Anchor Capital in South Africa, observed that the United States may be able to source other critical minerals like palladium, but America does not have an alternative market for platinum other than South Africa.
"With the amount of recycled volumes of palladium that come into the market there, they actually could be almost self-sufficient in palladium. However, there is no chance of them being self-sufficient in platinum, regardless of how much investment goes in. Does the U.S. have an alternative market for platinum? The answer is a definite no," Proctor told China Global Television Network (CGTN) in an interview.
The exclusion of PGMs from the new U.S. tariff regime was widely anticipated by South Africa's mining industry, because without the commodity, America's automotive industry would not be able to manufacture catalytic converters and other component parts.
"The U.S. is a very big automotive sector. It's only second to China in terms of size and so, it's a big sector. And PGMs are a critical part of the catalytic converter exhaust management systems which are there to clean the air. And so, palladium and rhodium and obviously platinum are very important in those particular processes," said Roger Baxter, executive chairman of Southern Palladium, a key play in South Africa's exploration and development of PGMs.
South Africa's Sibanye Stillwater is one of the world's largest producers of PGMs and has operations in the U.S. The company sees opportunity in the turmoil.
"Having that footprint in the U.S. is for us strategically important, because I think a lot of this is about securing supply for the U.S. in terms of critical metals, self-generated, self-mined, self-developed," said Richard Stewart, chief regional officer of Africa at Sibanye Stillwater.
To Craig Miller, CEO of Anglo American Platinum, it is essential that South Africa's mining industry shift to the development of clean energy technologies going forward as the world quickly transitions away from internal combustion engines.
"We produce metals and we sell them globally, both to Europe, to China, to Japan, and to the U.S., but as a company, we are really focused around the future uses of PGMs as well, so actively looking at market development, and that market development is really in the form of new energy and in hydrogen," he said.
Others in the mining industry see a bright future for platinum jewelry, as the rare metal has become the metal of choice for South African jewelry designers due to its durability and resiliency, especially in the uncertain global trade environment.
"We've seen platinum ETFs (Exchange-Traded Funds) are similar to gold. But I think this is where there's an opportunity to do a lot more work on the demand side to increase the opportunities for investment and demand in platinum," said Mzila Mthenjane, CEO of Minerals Council South Africa.
S Africa expected to withstand shock from US tariffs as world's leading platinum producer
