<ul data-eligibleForWebStory="false"><li>Impala Platinum Holdings is closing its Canadian palladium mine due to low palladium prices, putting 750 jobs at risk.</li><li>The Lac des Iles mine in Canada, owned by Impala Canada, will cease production by May 31, 2026, due to financial challenges.</li><li>The decline in palladium prices is attributed to reduced demand from auto manufacturers as electric vehicles have gained popularity.</li><li>Impala Canada previously cut 95 jobs in 2024 due to similar reasons. Parent company Implats acquired the Ontario mine in 2019.</li></ul>

South African-owned palladium mine in Canada to close in 2026

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