South African-owned palladium mine in Canada to close in 2026
Low palladium prices are forcing Impala Platinum Holdings Ltd. to shut down its mine in Canada, putting 750 jobs at risk.
The Lac des Iles mine is about 1,500 kilometres (930 miles) northwest of Toronto.
Impala Canada expects to end production by May 31, 2026, chief executive officer Timothy Hill told workers in an email seen by Bloomberg News, but “the final date of operations is dependent on several factors, including available tailings capacity and our ability to meet production targets.”
