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Stillwater to boost recycled PGM output

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US company Stillwater Mining Co. has revealed plans to develop new palladium and platinum mines both domestically and in Canada but won't go ahead just yet in light of soaring prices for the precious metals, the Wall Street Journal has reported.

Based in the US state of Montana, Stillwater aims to increase processing of recycled palladium and platinum by deploying unused capacity before taking its expansion plans to the next level, thus enabling it to cash in on higher prices. The mining company says it will boost its current annual recycled output of 600 000 ounces 'immediately', citing unused recycling capacity equivalent to twice this volume.

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