{"id":31874,"date":"2026-10-02T10:06:18","date_gmt":"2026-10-02T01:06:18","guid":{"rendered":"https:\/\/official.gfs.tokyo\/blog\/?p=31874"},"modified":"2026-10-02T10:06:18","modified_gmt":"2026-10-02T01:06:18","slug":"hayashi-why-is-platinum-important-the-latest-on-the-metal-powering-the-automotive-and-hydrogen-sectors-plus-two-companies-to-watch","status":"publish","type":"post","link":"https:\/\/official.gfs.tokyo\/blog\/hayashi-why-is-platinum-important-the-latest-on-the-metal-powering-the-automotive-and-hydrogen-sectors-plus-two-companies-to-watch","title":{"rendered":"\u30d7\u30e9\u30c1\u30ca\u306f\u306a\u305c\u91cd\u8981\uff1f\u81ea\u52d5\u8eca\u30fb\u6c34\u7d20\u3092\u652f\u3048\u308b\u300c\u767d\u91d1\u300d\u306e\u6700\u65b0\u4e8b\u60c5\u3068\u6ce8\u76ee2\u793e"},"content":{"rendered":"<div class=\"\" data-turn-id-container=\"526eb041-b4c2-4efd-aa74-438fa0497ad3\" data-is-intersecting=\"true\">\n<section class=\"text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-(--sticky-padding-top)\" dir=\"auto\" data-turn-id=\"526eb041-b4c2-4efd-aa74-438fa0497ad3\" data-turn-id-container=\"526eb041-b4c2-4efd-aa74-438fa0497ad3\" data-testid=\"conversation-turn-13\" data-turn=\"user\"><\/section>\n<\/div>\n<div class=\"\" data-turn-id-container=\"request-WEB:76a0f0ec-9f6a-4a5e-ac49-f153aa78d75d-12\" data-is-intersecting=\"true\">\n<section class=\"text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"request-WEB:76a0f0ec-9f6a-4a5e-ac49-f153aa78d75d-12\" data-turn-id-container=\"request-WEB:76a0f0ec-9f6a-4a5e-ac49-f153aa78d75d-12\" data-testid=\"conversation-turn-14\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm\/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg\/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)\">\n<div data-conversation-screenshot-content=\"\" class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex max-w-full flex-col gap-4 [&amp;&gt;div:has([data-free-thinking-preview-answer=true])+:is(.text-message,.relative:has(&gt;.text-message))]:-mt-2 grow\">\n<div data-message-author-role=\"assistant\" data-message-id=\"41a2a61d-6b93-44a6-80c1-2e02752306d3\" dir=\"auto\" data-message-model-slug=\"gpt-5-6\" class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden\">\n<div class=\"LR5Y_W_content markdown prose dark:prose-invert wrap-break-word w-full light markdown-new-styling\">\n<h2 data-section-id=\"1fl5y3u\" dir=\"auto\" data-start=\"0\" data-end=\"30\">\u30d7\u30e9\u30c1\u30ca\u306f\u300c\u8cb4\u91d1\u5c5e\u300d\u304b\u3089\u300c\u7523\u696d\u3092\u652f\u3048\u308b\u91d1\u5c5e\u300d\u3078<\/h2>\n<p dir=\"auto\" data-start=\"32\" data-end=\"323\">\u30d7\u30e9\u30c1\u30ca\u3068\u805e\u304f\u3068\u3001\u7d50\u5a5a\u6307\u8f2a\u3084\u9ad8\u7d1a\u30b8\u30e5\u30a8\u30ea\u30fc\u306a\u3069\u3092\u601d\u3044\u6d6e\u304b\u3079\u308b\u4eba\u3082\u591a\u3044\u3060\u308d\u3046\u3002\u3057\u304b\u3057\u3001\u305d\u306e\u5f79\u5272\u306f\u5b9d\u98fe\u54c1\u306b\u3068\u3069\u307e\u3089\u306a\u3044\u3002\u30d7\u30e9\u30c1\u30ca\u306f\u81ea\u52d5\u8eca\u306e\u6392\u30ac\u30b9\u6d44\u5316\u89e6\u5a92\u3092\u306f\u3058\u3081\u3001\u5316\u5b66\u3001\u30ac\u30e9\u30b9\u3001\u533b\u7642\u306a\u3069\u5e45\u5e83\u3044\u7523\u696d\u3067\u5229\u7528\u3055\u308c\u3001\u8fd1\u5e74\u306f\u6c34\u7d20\u30a8\u30cd\u30eb\u30ae\u30fc\u95a2\u9023\u3067\u3082\u91cd\u8981\u6027\u304c\u6ce8\u76ee\u3055\u308c\u3066\u3044\u308b\u30022026\u5e74\u306e\u30d7\u30e9\u30c1\u30ca\u5e02\u5834\u3067\u306f\u30012025\u5e74\u307e\u3067\u306e\u5927\u5e45\u306a\u9700\u7d66\u8d64\u5b57\u306b\u3088\u3063\u3066\u5730\u4e0a\u5728\u5eab\u304c\u4f4e\u6c34\u6e96\u3068\u306a\u308b\u4e00\u65b9\u30012026\u5e74\u306f\u30ea\u30b5\u30a4\u30af\u30eb\u5897\u52a0\u306a\u3069\u3092\u80cc\u666f\u306b26\u4e075,000\u30aa\u30f3\u30b9\u306e\u4f9b\u7d66\u8d85\u904e\u304c\u4e88\u6e2c\u3055\u308c\u3066\u3044\u308b\u3002\u9700\u8981\u9762\u3067\u306f\u3001\u81ea\u52d5\u8eca\u5411\u3051\u304c\u6e1b\u5c11\u3059\u308b\u4e00\u65b9\u3001\u7523\u696d\u9700\u8981\u306f5\uff05\u5897\u52a0\u3059\u308b\u898b\u901a\u3057\u3060\u3002<span class=\"contents\" data-content-reference-start=\"286\" data-content-reference-end=\"318\"><span class=\"\" data-state=\"closed\"><\/span><\/span><\/p>\n<p dir=\"auto\" data-start=\"325\" data-end=\"608\">\u3053\u3046\u3057\u305f\u30d7\u30e9\u30c1\u30ca\u5e02\u5834\u3092\u7406\u89e3\u3059\u308b\u3046\u3048\u3067\u6ce8\u76ee\u3057\u305f\u3044\u306e\u304c\u3001\u4e16\u754c\u6709\u6570\u306ePGM\uff08\u767d\u91d1\u65cf\u91d1\u5c5e\uff09\u4f01\u696d\u3067\u3042\u308b<strong data-start=\"371\" data-end=\"392\">Valterra Platinum<\/strong>\u3068**Impala Platinum Holdings\uff08Implats\uff09**\u3060\u3002Valterra Platinum\u306f\u65e7Anglo American Platinum\u3067\u30012025\u5e74\u306bAnglo American\u304b\u3089\u5206\u96e2\u30fb\u72ec\u7acb\u3002\u5357\u30a2\u30d5\u30ea\u30ab\u3068\u30b8\u30f3\u30d0\u30d6\u30a8\u3067\u9271\u5c71\u30fb\u51e6\u7406\u4e8b\u696d\u3092\u5c55\u958b\u3057\u3066\u3044\u308b\u30022025\u5e74\u306b\u306fPGM\u751f\u7523\u91cf\u304c320\u4e07\u30aa\u30f3\u30b9\u3001\u7cbe\u88fd\u751f\u7523\u91cf\u304c340\u4e07\u30aa\u30f3\u30b9\u306b\u9054\u3057\u305f\u3002<span class=\"contents\" data-content-reference-start=\"566\" data-content-reference-end=\"585\"><span class=\"\" data-state=\"closed\"><\/span><\/span><\/p>\n<p dir=\"auto\" data-start=\"610\" data-end=\"794\">\u4e00\u65b9\u306eImplats\u3082\u5357\u30a2\u30d5\u30ea\u30ab\u3092\u4e2d\u5fc3\u306bPGM\u4e8b\u696d\u3092\u5c55\u958b\u3057\u3001\u30d7\u30e9\u30c1\u30ca\u3060\u3051\u3067\u306a\u304f\u30d1\u30e9\u30b8\u30a6\u30e0\u3084\u30ed\u30b8\u30a6\u30e0\u306a\u3069\u3092\u751f\u7523\u3059\u308b\u3002\u3064\u307e\u308a\u4e21\u793e\u3092\u898b\u308b\u3053\u3068\u3067\u3001\u30d7\u30e9\u30c1\u30ca\u305d\u306e\u3082\u306e\u306e\u9700\u8981\u3060\u3051\u3067\u306a\u304f\u3001\u5357\u30a2\u30d5\u30ea\u30ab\u3092\u4e2d\u5fc3\u3068\u3059\u308b\u4e16\u754c\u306ePGM\u4f9b\u7d66\u69cb\u9020\u3001\u9271\u5c71\u4e8b\u696d\u306e\u53ce\u76ca\u6027\u3001\u305d\u3057\u3066\u81ea\u52d5\u8eca\u3084\u6c34\u7d20\u306a\u3069\u306e\u9700\u8981\u5909\u5316\u307e\u3067\u5e45\u5e83\u304f\u6349\u3048\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u30d7\u30e9\u30c1\u30ca\u5e02\u5834\u306e\u73fe\u5728\u5730\u3068\u4eca\u5f8c\u3092\u8003\u3048\u308b\u3046\u3048\u3067\u3001\u4e21\u793e\u306e\u52d5\u5411\u306f\u91cd\u8981\u306a\u6750\u6599\u3068\u306a\u308b\u3002<\/p>\n<table>\n<thead>\n<tr>\n<th align=\"right\">\u9806\u4f4d<\/th>\n<th>\u4f1a\u793e\u540d<\/th>\n<th>\u56fd<\/th>\n<th>\u8a3c\u5238\u30b3\u30fc\u30c9<\/th>\n<th>\u53d6\u5f15\u6240<\/th>\n<th align=\"right\">\u4e16\u754c\u30b7\u30a7\u30a2<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td align=\"right\">1<\/td>\n<td><strong>Valterra Platinum<\/strong>\uff08\u65e7Anglo American Platinum\uff09<\/td>\n<td>\u5357\u30a2\u30d5\u30ea\u30ab<\/td>\n<td><strong>VAL<\/strong><\/td>\n<td>JSE<\/td>\n<td align=\"right\"><strong>29.81%<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"right\">2<\/td>\n<td><strong>Impala Platinum Holdings\uff08Implats\uff09<\/strong><\/td>\n<td>\u5357\u30a2\u30d5\u30ea\u30ab<\/td>\n<td><strong>IMP<\/strong><\/td>\n<td>JSE<\/td>\n<td align=\"right\"><strong>25.51%<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"right\">3<\/td>\n<td><strong>Sibanye Stillwater<\/strong><\/td>\n<td>\u5357\u30a2\u30d5\u30ea\u30ab<\/td>\n<td><strong>SSW<\/strong><\/td>\n<td>JSE<\/td>\n<td align=\"right\"><strong>17.60%<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"right\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>SBSW<\/strong><\/td>\n<td>NYSE\uff08ADR\uff09<\/td>\n<td align=\"right\"><\/td>\n<\/tr>\n<tr>\n<td align=\"right\">4<\/td>\n<td><strong>Nornickel<\/strong>\uff08Norilsk Nickel\uff09<\/td>\n<td>\u30ed\u30b7\u30a2<\/td>\n<td><strong>GMKN<\/strong><\/td>\n<td>MOEX<\/td>\n<td align=\"right\"><strong>10.77%<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"right\">5<\/td>\n<td><strong>Northam Platinum Holdings<\/strong><\/td>\n<td>\u5357\u30a2\u30d5\u30ea\u30ab<\/td>\n<td><strong>NPH<\/strong><\/td>\n<td>JSE<\/td>\n<td align=\"right\"><strong>3.61%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30d5\u309a\u30e9\u30c1\u30ca\u4fa1\u683c\u306e\u63a8\u79fb\uff082023\u5e741\u6708\uff5e2026\u5e748\u6708\uff09-1024x576.png\" alt=\"\" width=\"868\" height=\"488\" class=\"aligncenter size-large wp-image-31875\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30d5\u309a\u30e9\u30c1\u30ca\u4fa1\u683c\u306e\u63a8\u79fb\uff082023\u5e741\u6708\uff5e2026\u5e748\u6708\uff09-1024x576.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30d5\u309a\u30e9\u30c1\u30ca\u4fa1\u683c\u306e\u63a8\u79fb\uff082023\u5e741\u6708\uff5e2026\u5e748\u6708\uff09-300x169.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30d5\u309a\u30e9\u30c1\u30ca\u4fa1\u683c\u306e\u63a8\u79fb\uff082023\u5e741\u6708\uff5e2026\u5e748\u6708\uff09-768x432.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30d5\u309a\u30e9\u30c1\u30ca\u4fa1\u683c\u306e\u63a8\u79fb\uff082023\u5e741\u6708\uff5e2026\u5e748\u6708\uff09.png 1536w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/p>\n<div class=\"xcd-attention-1 xcd-col2 xcd-ripple\">\n<div class=\"xcd-title\">\u8cc7\u7523\u904b\u7528\u306b\u8208\u5473\u304c\u3042\u308b\u65b9\u3078<\/div>\n<div class=\"xcd-content\"><span>\u79c1\u305f\u3061GFS\u3067\u306f\u3001\u5b66\u6821\u3067\u306f\u6559\u3048\u3066\u3082\u3089\u3048\u306a\u304b\u3063\u305f\u304a\u91d1\u306e\u3053\u3068\u304c\u308f\u304b\u308b\u7121\u6599\u30b3\u30f3\u30c6\u30f3\u30c4\u3092\u3054\u7528\u610f\u3057\u3066\u3044\u307e\u3059\u3002<\/span><br \/>\n<span style=\"color: #0066c0;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16909&amp;utm_content=16909\" style=\"color: #0066c0;\">\u226b 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02\u8fd1\u5e74\u306f\u4e2d\u56fd\u3084\u30a4\u30f3\u30c9\u3067\u3082\u30d7\u30e9\u30c1\u30ca\u5b9d\u98fe\u54c1\u306e\u5e02\u5834\u62e1\u5927\u304c\u671f\u5f85\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30d7\u30e9\u30c1\u30ca\u304c\u6ce8\u76ee\u3055\u308c\u308b\u3082\u3046\u4e00\u3064\u306e\u7406\u7531\u304c\u3001\u305d\u306e\u5e0c\u5c11\u6027\u3067\u3059\u3002WPIC\u306b\u3088\u308c\u3070\u3001\u5e74\u9593\u306e\u30d7\u30e9\u30c1\u30ca\u4f9b\u7d66\u91cf\u306f\u91d1\u306e\u7d0420\u5206\u306e1\u3001\u9280\u306e\u7d04100\u5206\u306e1\u3068\u3055\u308c\u3001\u975e\u5e38\u306b\u5e0c\u5c11\u306a\u91d1\u5c5e\u3067\u3059\u3002\u3057\u304b\u3082\u3001\u305d\u306e\u4fa1\u5024\u306f\u5358\u306a\u308b\u300c\u9ad8\u7d1a\u54c1\u300d\u3068\u3044\u3046\u3060\u3051\u3067\u306f\u306a\u304f\u3001\u81ea\u52d5\u8eca\u306e\u74b0\u5883\u898f\u5236\u3001\u5316\u5b66\u7523\u696d\u3001\u533b\u7642\u3001\u6c34\u7d20\u30a8\u30cd\u30eb\u30ae\u30fc\u306a\u3069\u3001\u793e\u4f1a\u30a4\u30f3\u30d5\u30e9\u306b\u95a2\u308f\u308b\u7528\u9014\u306b\u3088\u3063\u3066\u652f\u3048\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>2026\u5e74\u306e\u6700\u65b0\u52d5\u5411\u3092\u898b\u308b\u3046\u3048\u3067\u306f\u3001<strong>\u300c\u81ea\u52d5\u8eca\u304b\u3089\u6c34\u7d20\u3078\u300d\u3068\u3044\u3046\u9700\u8981\u69cb\u9020\u306e\u5909\u5316<\/strong>\u304c\u4e00\u3064\u306e\u30dd\u30a4\u30f3\u30c8\u306b\u306a\u308a\u307e\u3059\u3002\u30ac\u30bd\u30ea\u30f3\u8eca\u30fb\u30c7\u30a3\u30fc\u30bc\u30eb\u8eca\u306e\u8ca9\u58f2\u304c\u9577\u671f\u7684\u306b\u6e1b\u5c11\u3059\u308c\u3070\u3001\u5f93\u6765\u578b\u306e\u81ea\u52d5\u8eca\u89e6\u5a92\u9700\u8981\u306b\u306f\u4e0b\u62bc\u3057\u5727\u529b\u304c\u304b\u304b\u308a\u307e\u3059\u3002\u4e00\u65b9\u3067\u3001\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u8eca\u3084\u6392\u30ac\u30b9\u898f\u5236\u3078\u306e\u5bfe\u5fdc\u306b\u52a0\u3048\u3066\u3001\u6c34\u7d20\u71c3\u6599\u96fb\u6c60\u3084PEM\u578b\u6c34\u96fb\u89e3\u306a\u3069\u3001\u65b0\u3057\u3044\u7528\u9014\u304c\u6210\u9577\u3059\u308c\u3070\u30d7\u30e9\u30c1\u30ca\u306e\u9700\u8981\u3092\u652f\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002WPIC\u30822026\u5e74\u7248\u306e\u9700\u8981\u8cc7\u6599\u3067\u3001\u81ea\u52d5\u8eca\u3092\u6700\u5927\u306e\u9700\u8981\u5206\u91ce\u3068\u3057\u306a\u304c\u3089\u3001\u6c34\u7d20\u3092\u65b0\u305f\u306a\u9700\u8981\u30c9\u30e9\u30a4\u30d0\u30fc\u3068\u3057\u3066\u4f4d\u7f6e\u4ed8\u3051\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u30d7\u30e9\u30c1\u30ca\u306f\u4e00\u5ea6\u4f7f\u3063\u305f\u3089\u7d42\u308f\u308a\u3068\u3044\u3046\u91d1\u5c5e\u3067\u3082\u3042\u308a\u307e\u305b\u3093\u3002\u4f7f\u7528\u6e08\u307f\u306e\u81ea\u52d5\u8eca\u89e6\u5a92\u3084\u5b9d\u98fe\u54c1\u306a\u3069\u304b\u3089\u56de\u53ce\u3057\u3066\u518d\u5229\u7528\u3059\u308b\u300c\u30ea\u30b5\u30a4\u30af\u30eb\u300d\u304c\u53ef\u80fd\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u9271\u5c71\u304b\u3089\u306e\u65b0\u898f\u4f9b\u7d66\u3060\u3051\u3067\u306a\u304f\u3001\u30ea\u30b5\u30a4\u30af\u30eb\u91cf\u3082\u9700\u7d66\u3092\u898b\u308b\u91cd\u8981\u306a\u8981\u7d20\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3088\u3046\u306b\u30d7\u30e9\u30c1\u30ca\u306f\u3001<strong>\u300c\u9ad8\u7d1a\u306a\u6307\u8f2a\u306b\u4f7f\u308f\u308c\u308b\u8cb4\u91d1\u5c5e\u300d\u304b\u3089\u3001\u300c\u81ea\u52d5\u8eca\u306e\u6392\u30ac\u30b9\u3092\u6d44\u5316\u3057\u3001\u6c34\u7d20\u793e\u4f1a\u3092\u652f\u3048\u3001\u5316\u5b66\u30fb\u533b\u7642\u30fb\u30ac\u30e9\u30b9\u7523\u696d\u306b\u3082\u4f7f\u308f\u308c\u308b\u5de5\u696d\u91d1\u5c5e\u300d\u3078\u3068\u898b\u308b\u3053\u3068\u3067\u3001\u305d\u306e\u91cd\u8981\u6027\u304c\u3088\u308a\u5206\u304b\u308a\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/strong> 2026\u5e74\u73fe\u5728\u306f\u3001\u5f93\u6765\u306e\u81ea\u52d5\u8eca\u30fb\u5b9d\u98fe\u54c1\u9700\u8981\u306b\u52a0\u3048\u3066\u3001\u6c34\u7d20\u95a2\u9023\u6280\u8853\u304c\u4e2d\u9577\u671f\u7684\u306a\u65b0\u3057\u3044\u9700\u8981\u6e90\u3068\u306a\u308b\u304b\u304c\u6ce8\u76ee\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<div class=\"xcd-attention-1 xcd-col2 xcd-ripple\">\n<div class=\"xcd-title\"><strong>\u8cc7\u7523\u904b\u7528\u3067\u5931\u6557\u3057\u305f\u304f\u306a\u3044\u65b9\u3078<\/strong><\/div>\n<div class=\"xcd-content\"><strong>\u79c1\u305f\u3061GFS\u3067\u306f\u3001\u5b66\u6821\u3067\u306f\u6559\u3048\u3066\u3082\u3089\u3048\u306a\u304b\u3063\u305f\u304a\u91d1\u306e\u3053\u3068\u304c\u308f\u304b\u308b\u7121\u6599\u30b3\u30f3\u30c6\u30f3\u30c4\u3092\u3054\u7528\u610f\u3057\u3066\u3044\u307e\u3059\u3002<\/strong><br \/>\n<strong><span style=\"color: #0066c0;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=om&amp;utm_medium=om&amp;utm_content=14519\" style=\"color: #0066c0;\">\u226b \u7121\u6599\u8b1b\u5ea7\uff1a\u304a\u91d1\u306e\u30d7\u30ed\u304c\u6559\u3048\u308b\u300c\u521d\u5fc3\u8005\u304c\u6bce\u6708\u53ce\u5165\u3092\u5f97\u308b\u6295\u8cc7\u306e\u59cb\u3081\u65b9\u300d<\/a><\/span><\/strong><\/div>\n<\/div>\n<h2>Valterra Platinum\u3068\u30d7\u30e9\u30c1\u30ca\u2015\u2015\u4e16\u754c\u6709\u6570\u306ePGM\u4f01\u696d\u304c\u6620\u3059\u300c\u767d\u91d1\u300d\u306e\u73fe\u5728\u5730<\/h2>\n<p>\u30d7\u30e9\u30c1\u30ca\u306f\u3001\u5b9d\u98fe\u54c1\u306b\u4f7f\u308f\u308c\u308b\u9ad8\u7d1a\u91d1\u5c5e\u3068\u3044\u3046\u30a4\u30e1\u30fc\u30b8\u304c\u5f37\u3044\u4e00\u65b9\u3001\u81ea\u52d5\u8eca\u306e\u6392\u30ac\u30b9\u6d44\u5316\u88c5\u7f6e\u3001\u5316\u5b66\u88fd\u54c1\u3001\u30ac\u30e9\u30b9\u3001\u533b\u7642\u3001\u6c34\u7d20\u30a8\u30cd\u30eb\u30ae\u30fc\u306a\u3069\u3001\u5e45\u5e83\u3044\u7523\u696d\u3092\u652f\u3048\u308b\u91cd\u8981\u306a\u91d1\u5c5e\u3067\u3082\u3042\u308b\u3002\u7279\u306b\u30d7\u30e9\u30c1\u30ca\u3001\u30d1\u30e9\u30b8\u30a6\u30e0\u3001\u30ed\u30b8\u30a6\u30e0\u306a\u3069\u3092\u542b\u3080PGM\uff08\u767d\u91d1\u65cf\u91d1\u5c5e\uff09\u306f\u3001\u74b0\u5883\u898f\u5236\u3084\u30a8\u30cd\u30eb\u30ae\u30fc\u8ee2\u63db\u3068\u3082\u6df1\u304f\u95a2\u4fc2\u3057\u3066\u3044\u308b\u3002\u3053\u3046\u3057\u305f\u30d7\u30e9\u30c1\u30ca\u3092\u4e2d\u5fc3\u3068\u3059\u308bPGM\u306e\u4e16\u754c\u7684\u306a\u751f\u7523\u4f01\u696d\u306e\u4e00\u3064\u304c\u3001\u5357\u30a2\u30d5\u30ea\u30ab\u3092\u62e0\u70b9\u3068\u3059\u308bValterra Platinum\uff08\u30d0\u30eb\u30c6\u30e9\u30fb\u30d7\u30e9\u30c1\u30ca\u30e0\uff09\u3060\u3002<\/p>\n<p>Valterra Platinum\u306f\u3001\u3082\u3068\u3082\u3068Anglo American Platinum\u3068\u3057\u3066\u77e5\u3089\u308c\u3066\u3044\u305f\u4f01\u696d\u3067\u3042\u308b\u30022025\u5e74\u306b\u89aa\u4f1a\u793eAnglo American\u304b\u3089\u5206\u96e2\u30fb\u72ec\u7acb\u3057\u3001Valterra Platinum\u3068\u3057\u3066\u65b0\u305f\u306a\u30b9\u30bf\u30fc\u30c8\u3092\u5207\u3063\u305f\u3002\u540c\u5e746\u6708\u304b\u3089\u30e8\u30cf\u30cd\u30b9\u30d6\u30eb\u30b0\u8a3c\u5238\u53d6\u5f15\u6240\uff08JSE\uff09\u3067\u72ec\u7acb\u4f01\u696d\u3068\u3057\u3066\u53d6\u5f15\u3055\u308c\u3001\u305d\u306e\u5f8c\u30ed\u30f3\u30c9\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\uff08LSE\uff09\u306b\u3082\u30bb\u30ab\u30f3\u30c0\u30ea\u30fc\u4e0a\u5834\u3057\u3066\u3044\u308b\u3002\u73fe\u5728\u306e\u8a3c\u5238\u30b3\u30fc\u30c9\u306fJSE\u304c\u300cVAL\u300d\u3001LSE\u304c\u300cVALT\u300d\u3060\u3002\u5357\u30a2\u30d5\u30ea\u30ab\u3068\u30b8\u30f3\u30d0\u30d6\u30a8\u306b\u9271\u5c71\u3084\u51e6\u7406\u65bd\u8a2d\u3092\u6301\u3061\u3001\u63a1\u6398\u304b\u3089\u88fd\u932c\u3001\u7cbe\u88fd\u307e\u3067\u3092\u624b\u639b\u3051\u308b\u300c\u7d71\u5408\u578b\u300d\u306ePGM\u4f01\u696d\u3067\u3042\u308b\u3002<\/p>\n<p>\u540c\u793e\u306e\u6700\u5927\u306e\u7279\u5fb4\u306f\u3001\u4e16\u754c\u6709\u6570\u306ePGM\u8cc7\u7523\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u3042\u308b\u30022025\u5e74\u306e\u5b9f\u7e3e\u3092\u898b\u308b\u3068\u3001\u9271\u5c71\u304b\u3089\u7523\u51fa\u3057\u305fPGM\u306e\u542b\u6709\u91cf\u3092\u793a\u3059M&amp;C\u751f\u7523\u91cf\u306f320\u4e07\u30aa\u30f3\u30b9\u3001\u7cbe\u88fdPGM\u751f\u7523\u91cf\u306f341\u4e072000\u30aa\u30f3\u30b9\u3001\u8ca9\u58f2\u91cf\u306f345\u4e074300\u30aa\u30f3\u30b9\u3060\u3063\u305f\u3002\u5358\u7d14\u306b\u30d7\u30e9\u30c1\u30ca\u3060\u3051\u3092\u63a1\u6398\u3059\u308b\u4f01\u696d\u3067\u306f\u306a\u304f\u3001\u30d1\u30e9\u30b8\u30a6\u30e0\u3001\u30ed\u30b8\u30a6\u30e0\u306a\u3069\u8907\u6570\u306ePGM\u3092\u7d44\u307f\u5408\u308f\u305b\u3066\u751f\u7523\u3059\u308b\u3053\u3068\u3067\u3001\u8cc7\u6e90\u4fa1\u5024\u3092\u9ad8\u3081\u3066\u3044\u308b\u3002<\/p>\n<p>2025\u5e74\u306b\u306f\u3001\u30a2\u30de\u30f3\u30c7\u30eb\u30d6\u30eb\u30c8\u9271\u5c71\u304c\u5927\u96e8\u306b\u3088\u308b\u6d2a\u6c34\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3001\u5e74\u9593\u306e\u81ea\u793e\u9271\u5c71PGM\u751f\u7523\u91cf\u306f\u524d\u5e74\u6bd46\uff05\u6e1b\u306e206\u4e073000\u30aa\u30f3\u30b9\u3068\u306a\u3063\u305f\u3002\u4e00\u65b9\u3001\u4e0b\u671f\u306b\u306f\u64cd\u696d\u304c\u56de\u5fa9\u3057\u3001\u30a2\u30de\u30f3\u30c7\u30eb\u30d6\u30eb\u30c8\u306e\u751f\u7523\u91cf\u306f\u524d\u5e74\u540c\u671f\u6bd410\uff05\u5897\u52a0\u3057\u305f\u3002\u751f\u7523\u9762\u3067\u4e00\u6642\u7684\u306a\u554f\u984c\u304c\u767a\u751f\u3057\u3066\u3082\u3001\u8907\u6570\u306e\u9271\u5c71\u3068\u51e6\u7406\u8a2d\u5099\u3092\u7d44\u307f\u5408\u308f\u305b\u305f\u4e8b\u696d\u57fa\u76e4\u304c\u540c\u793e\u306e\u91cd\u8981\u306a\u7279\u5fb4\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<p>\u696d\u7e3e\u9762\u3067\u306f\u30012025\u5e74\u306fPGM\u4fa1\u683c\u306e\u4e0a\u6607\u304c\u5927\u304d\u306a\u8ffd\u3044\u98a8\u3068\u306a\u3063\u305f\u3002Valterra Platinum\u306e2025\u5e74\u306e\u58f2\u4e0a\u9ad8\u306b\u76f8\u5f53\u3059\u308bNet revenue\u306f1160\u5104\u30e9\u30f3\u30c9\u3067\u3001\u524d\u5e74\u306e1090\u5104\u30e9\u30f3\u30c9\u304b\u30897\uff05\u5897\u52a0\u3057\u305f\u3002\u8abf\u6574\u5f8cEBITDA\u306f334\u5104\u30e9\u30f3\u30c9\u3068\u524d\u5e74\u6bd468\uff05\u5897\u52a0\u3057\u3001\u30d8\u30c3\u30c9\u30e9\u30a4\u30f3\u5229\u76ca\u306f167\u5104\u30e9\u30f3\u30c9\u3001\u524d\u5e74\u6bd498\uff05\u5897\u3068\u306a\u3063\u305f\u3002PGM\u30d0\u30b9\u30b1\u30c3\u30c8\u4fa1\u683c\u30822025\u5e74\u5e73\u5747\u30671\u30aa\u30f3\u30b9\u5f53\u305f\u308a1852\u30c9\u30eb\u3068\u306a\u308a\u3001\u524d\u5e74\u304b\u308926\uff05\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>\u3055\u3089\u306b\u6ce8\u76ee\u3055\u308c\u308b\u306e\u304c2026\u5e74\u306e\u52d5\u304d\u3060\u30022026\u5e747\u6708\u306b\u767a\u8868\u3055\u308c\u305f\u4e0a\u671f\u6c7a\u7b97\u3067\u306f\u3001\u58f2\u4e0a\u9ad8\u304c820\u5104\u30e9\u30f3\u30c9\u3068\u524d\u5e74\u540c\u671f\u6bd493\uff05\u5897\u3001\u8abf\u6574\u5f8cEBITDA\u306f334\u5104\u30e9\u30f3\u30c9\u3068404\uff05\u5897\u3068\u306a\u3063\u305f\u3002\u81ea\u793e\u9271\u5c71\u306ePGM\u751f\u7523\u91cf\u306f100\u4e07\u30aa\u30f3\u30b9\u30679\uff05\u5897\u3001\u7cbe\u88fd\u751f\u7523\u91cf\u306f170\u4e07\u30aa\u30f3\u30b9\u306725\uff05\u5897\u3001\u8ca9\u58f2\u91cf\u3082170\u4e07\u30aa\u30f3\u30b9\u306718\uff05\u5897\u52a0\u3057\u305f\u3002PGM\u4fa1\u683c\u306e\u4e0a\u6607\u3068\u751f\u7523\u30fb\u8ca9\u58f2\u6570\u91cf\u306e\u56de\u5fa9\u304c\u91cd\u306a\u308a\u3001\u696d\u7e3e\u3092\u62bc\u3057\u4e0a\u3052\u305f\u683c\u597d\u3060\u3002<\/p>\n<p>\u3053\u306e\u696d\u7e3e\u6539\u5584\u3092\u7406\u89e3\u3059\u308b\u3046\u3048\u3067\u3001\u30d7\u30e9\u30c1\u30ca\u4fa1\u683c\u3060\u3051\u3092\u898b\u308b\u306e\u3067\u306f\u4e0d\u5341\u5206\u3060\u3002Valterra Platinum\u306f\u30d7\u30e9\u30c1\u30ca\u5c02\u696d\u4f01\u696d\u3067\u306f\u306a\u304f\u3001PGM\u5168\u4f53\u3092\u6271\u3046\u305f\u3081\u3001\u30d1\u30e9\u30b8\u30a6\u30e0\u3084\u30ed\u30b8\u30a6\u30e0\u306a\u3069\u306e\u4fa1\u683c\u52d5\u5411\u3082\u53ce\u76ca\u306b\u5f71\u97ff\u3059\u308b\u3002\u540c\u793e\u304c\u516c\u8868\u3059\u308b\u300cPGM\u30d0\u30b9\u30b1\u30c3\u30c8\u4fa1\u683c\u300d\u306f\u3001\u8907\u6570\u306ePGM\u3092\u5408\u308f\u305b\u305f\u4fa1\u683c\u74b0\u5883\u3092\u793a\u3059\u6307\u6a19\u3067\u3042\u308a\u30012026\u5e74\u4e0a\u671f\u306e\u5b9f\u73fe\u30c9\u30eb\u30fb\u30d0\u30b9\u30b1\u30c3\u30c8\u4fa1\u683c\u306f1\u30aa\u30f3\u30b9\u5f53\u305f\u308a2801\u30c9\u30eb\u3068\u524d\u5e74\u540c\u671f\u6bd485\uff05\u4e0a\u6607\u3057\u305f\u3002\u30d7\u30e9\u30c1\u30ca\u5e02\u5834\u3092\u898b\u308b\u969b\u306b\u306f\u3001\u3053\u3046\u3057\u305fPGM\u5168\u4f53\u306e\u9700\u7d66\u306b\u3082\u76ee\u3092\u5411\u3051\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n<p>\u3067\u306f\u3001\u305d\u3082\u305d\u3082\u30d7\u30e9\u30c1\u30ca\u306f\u306a\u305c\u91cd\u8981\u306a\u306e\u304b\u3002\u4ee3\u8868\u7684\u306a\u7528\u9014\u306e\u4e00\u3064\u304c\u81ea\u52d5\u8eca\u3060\u3002\u30d7\u30e9\u30c1\u30ca\u306f\u6392\u30ac\u30b9\u4e2d\u306e\u6709\u5bb3\u7269\u8cea\u3092\u6d44\u5316\u3059\u308b\u89e6\u5a92\u306b\u5229\u7528\u3055\u308c\u3066\u304a\u308a\u3001\u4e16\u754c\u5404\u56fd\u3067\u74b0\u5883\u898f\u5236\u304c\u5f37\u5316\u3055\u308c\u308b\u306a\u304b\u3001\u4e00\u5b9a\u306e\u9700\u8981\u304c\u5b58\u5728\u3057\u3066\u3044\u308b\u3002\u307e\u305f\u3001\u5b9d\u98fe\u54c1\u3084\u6295\u8cc7\u9700\u8981\u306b\u52a0\u3048\u3001\u5316\u5b66\u3001\u77f3\u6cb9\u7cbe\u88fd\u3001\u30ac\u30e9\u30b9\u3001\u533b\u7642\u306a\u3069\u306b\u3082\u4f7f\u308f\u308c\u3066\u3044\u308b\u3002\u3055\u3089\u306b\u8fd1\u5e74\u6ce8\u76ee\u3055\u308c\u308b\u306e\u304c\u6c34\u7d20\u95a2\u9023\u3060\u3002<\/p>\n<p>\u6c34\u7d20\u71c3\u6599\u96fb\u6c60\u3067\u306f\u3001\u30d7\u30e9\u30c1\u30ca\u304c\u96fb\u6975\u306e\u89e6\u5a92\u3068\u3057\u3066\u4f7f\u7528\u3055\u308c\u308b\u3002\u307e\u305f\u3001\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u306a\u3069\u3092\u5229\u7528\u3057\u3066\u6c34\u304b\u3089\u6c34\u7d20\u3092\u88fd\u9020\u3059\u308bPEM\u578b\u6c34\u96fb\u89e3\u88c5\u7f6e\u3067\u3082\u30d7\u30e9\u30c1\u30ca\u304c\u5229\u7528\u3055\u308c\u308b\u3002\u305d\u306e\u305f\u3081\u3001\u6c34\u7d20\u793e\u4f1a\u306e\u62e1\u5927\u304c\u9032\u3081\u3070\u3001\u30d7\u30e9\u30c1\u30ca\u306b\u65b0\u3057\u3044\u7523\u696d\u9700\u8981\u304c\u751f\u307e\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002Valterra Platinum\u81ea\u8eab\u3082\u3001PGM\u304c\u6392\u51fa\u524a\u6e1b\u6280\u8853\u3001\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u30b7\u30b9\u30c6\u30e0\u3001\u5148\u7aef\u7523\u696d\u306a\u3069\u3067\u91cd\u8981\u306a\u5f79\u5272\u3092\u62c5\u3046\u3068\u3057\u3066\u304a\u308a\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u8ee2\u63db\u3092\u4e2d\u9577\u671f\u7684\u306a\u9700\u8981\u6a5f\u4f1a\u3068\u3057\u3066\u4f4d\u7f6e\u4ed8\u3051\u3066\u3044\u308b\u3002<\/p>\n<p>\u3082\u3061\u308d\u3093\u3001\u30d7\u30e9\u30c1\u30ca\u5e02\u5834\u306b\u306f\u30ea\u30b9\u30af\u3082\u3042\u308b\u3002\u81ea\u52d5\u8eca\u5206\u91ce\u3067\u306f\u96fb\u6c17\u81ea\u52d5\u8eca\uff08BEV\uff09\u306e\u666e\u53ca\u304c\u9032\u3081\u3070\u3001\u5185\u71c3\u6a5f\u95a2\u8eca\u5411\u3051\u89e6\u5a92\u306e\u9700\u8981\u304c\u5909\u5316\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u4e00\u65b9\u3001\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u8eca\u3084\u6392\u30ac\u30b9\u898f\u5236\u3078\u306e\u5bfe\u5fdc\u3001\u6c34\u7d20\u71c3\u6599\u96fb\u6c60\u306a\u3069\u304c\u9700\u8981\u3092\u652f\u3048\u308b\u53ef\u80fd\u6027\u3082\u3042\u308b\u3002\u3064\u307e\u308a\u3001\u30d7\u30e9\u30c1\u30ca\u5e02\u5834\u306f\u300c\u81ea\u52d5\u8eca\u306e\u96fb\u52d5\u5316\u306b\u3088\u3063\u3066\u9700\u8981\u304c\u6e1b\u308b\u300d\u3068\u3044\u3046\u5358\u7d14\u306a\u69cb\u56f3\u3067\u306f\u306a\u304f\u3001\u5f93\u6765\u7528\u9014\u304b\u3089\u65b0\u3057\u3044\u7528\u9014\u3078\u306e\u9700\u8981\u69cb\u9020\u306e\u5909\u5316\u3092\u898b\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n<p>\u4f9b\u7d66\u9762\u3067\u306f\u3001\u5357\u30a2\u30d5\u30ea\u30ab\u3078\u306e\u96c6\u4e2d\u3082\u91cd\u8981\u306a\u30dd\u30a4\u30f3\u30c8\u3060\u3002Valterra Platinum\u3092\u306f\u3058\u3081\u3001Sibanye Stillwater\u3001Impala Platinum\u306a\u3069\u4e16\u754c\u7684\u306aPGM\u4f01\u696d\u304c\u5357\u30a2\u30d5\u30ea\u30ab\u306b\u62e0\u70b9\u3092\u7f6e\u3044\u3066\u3044\u308b\u3002\u9271\u5c71\u306e\u64cd\u696d\u3001\u96fb\u529b\u3001\u5929\u5019\u3001\u52b4\u50cd\u74b0\u5883\u3001\u7269\u6d41\u306a\u3069\u304c\u4f9b\u7d66\u306b\u5f71\u97ff\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u3001\u30d7\u30e9\u30c1\u30ca\u4fa1\u683c\u3092\u8003\u3048\u308b\u969b\u306b\u306f\u9700\u8981\u3060\u3051\u3067\u306a\u304f\u4f9b\u7d66\u5074\u306e\u4e8b\u60c5\u3082\u91cd\u8981\u306b\u306a\u308b\u30022025\u5e74\u306bValterra Platinum\u306e\u30a2\u30de\u30f3\u30c7\u30eb\u30d6\u30eb\u30c8\u3067\u767a\u751f\u3057\u305f\u6d2a\u6c34\u306f\u3001\u9271\u5c71\u751f\u7523\u304c\u81ea\u7136\u707d\u5bb3\u306e\u5f71\u97ff\u3092\u53d7\u3051\u308b\u53ef\u80fd\u6027\u3092\u793a\u3059\u4e8b\u4f8b\u3068\u306a\u3063\u305f\u3002<\/p>\n<p>Valterra Platinum\u306f2026\u5e74\u306b\u5165\u308a\u3001\u751f\u7523\u6027\u5411\u4e0a\u3084\u30b3\u30b9\u30c8\u524a\u6e1b\u306b\u3082\u53d6\u308a\u7d44\u3093\u3067\u3044\u308b\u30022025\u5e74\u306b\u306f50\u5104\u30e9\u30f3\u30c9\u306e\u30b3\u30b9\u30c8\u524a\u6e1b\u3092\u5b9f\u73fe\u3057\u30012026\u5e74\u4e0a\u671f\u306b\u306f\u30aa\u30fc\u30eb\u30a4\u30f3\u30fb\u30b5\u30b9\u30c6\u30a4\u30cb\u30f3\u30b0\u30fb\u30b3\u30b9\u30c8\uff08AISC\uff09\u304c3E\u30aa\u30f3\u30b9\u5f53\u305f\u308a996\u30c9\u30eb\u3068\u306a\u3063\u305f\u30022026\u5e74\u901a\u671f\u306b\u3064\u3044\u3066\u306f\u3001M&amp;C\u304a\u3088\u3073\u7cbe\u88fdPGM\u751f\u7523\u91cf\u3092300\u4e07\uff5e340\u4e07\u30aa\u30f3\u30b9\u3001\u8a2d\u5099\u6295\u8cc7\u984d\u3092170\u5104\uff5e180\u5104\u30e9\u30f3\u30c9\u3068\u898b\u8fbc\u3093\u3067\u3044\u308b\u3002<\/p>\n<p>\u3055\u3089\u306b\u3001\u540c\u793e\u306f\u5357\u30a2\u30d5\u30ea\u30ab\u306e\u30e2\u30ac\u30e9\u30af\u30a6\u30a7\u30ca\u9271\u5c71\u3067Sandsloot\u5730\u4e0b\u9271\u5c71\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3092\u9032\u3081\u3066\u3044\u308b\u30022025\u5e74\u306b\u306f\u30d7\u30ec\u30d5\u30a3\u30fc\u30b8\u30d3\u30ea\u30c6\u30a3\u30b9\u30bf\u30c7\u30a3\u3092\u5b8c\u4e86\u3057\u3001\u73fe\u5728\u306f\u30d5\u30a3\u30fc\u30b8\u30d3\u30ea\u30c6\u30a3\u30b9\u30bf\u30c7\u30a3\u3092\u9032\u3081\u3066\u304a\u308a\u3001\u6295\u8cc7\u5224\u65ad\u306f2027\u5e74\u4e0a\u671f\u3092\u4e88\u5b9a\u3057\u3066\u3044\u308b\u3002\u65e2\u5b58\u9271\u5c71\u306e\u52b9\u7387\u5316\u3068\u5c06\u6765\u306e\u8cc7\u6e90\u958b\u767a\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u3053\u3068\u3067\u3001\u9577\u671f\u7684\u306a\u751f\u7523\u57fa\u76e4\u3092\u7dad\u6301\u30fb\u5f37\u5316\u3059\u308b\u6226\u7565\u3060\u3002<\/p>\n<p>Valterra Platinum\u3092\u898b\u308b\u3053\u3068\u306f\u3001\u5358\u306b\u4e00\u3064\u306e\u9271\u5c71\u4f1a\u793e\u3092\u898b\u308b\u3053\u3068\u3067\u306f\u306a\u3044\u3002\u30d7\u30e9\u30c1\u30ca\u3068\u3044\u3046\u5e0c\u5c11\u91d1\u5c5e\u304c\u3001\u81ea\u52d5\u8eca\u3001\u74b0\u5883\u898f\u5236\u3001\u5b9d\u98fe\u54c1\u3001\u7523\u696d\u3001\u6c34\u7d20\u30a8\u30cd\u30eb\u30ae\u30fc\u3068\u3044\u3063\u305f\u8907\u6570\u306e\u5206\u91ce\u3068\u3069\u306e\u3088\u3046\u306b\u3064\u306a\u304c\u3063\u3066\u3044\u308b\u306e\u304b\u3092\u7406\u89e3\u3059\u308b\u6750\u6599\u306b\u306a\u308b\u30022025\u5e74\u306e\u72ec\u7acb\u4e0a\u5834\u3092\u7d4c\u3066\u30012026\u5e74\u306b\u306fPGM\u4fa1\u683c\u306e\u4e0a\u6607\u3068\u751f\u7523\u56de\u5fa9\u3092\u80cc\u666f\u306b\u5927\u5e45\u306a\u5897\u53ce\u5897\u76ca\u3092\u8a18\u9332\u3057\u3066\u3044\u308b\u304c\u3001\u4eca\u5f8c\u306e\u4f01\u696d\u4fa1\u5024\u3092\u8003\u3048\u308b\u3046\u3048\u3067\u306f\u3001PGM\u4fa1\u683c\u3060\u3051\u3067\u306a\u304f\u3001\u5357\u30a2\u30d5\u30ea\u30ab\u306e\u9271\u5c71\u64cd\u696d\u3001\u30b3\u30b9\u30c8\u3001\u8cc7\u6e90\u958b\u767a\u3001\u81ea\u52d5\u8eca\u5e02\u5834\u3001\u6c34\u7d20\u95a2\u9023\u9700\u8981\u306a\u3069\u3092\u7dcf\u5408\u7684\u306b\u898b\u308b\u3053\u3068\u304c\u91cd\u8981\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<div class=\"xcd-attention-1 xcd-col2 xcd-ripple\">\n<div class=\"xcd-title\">\u8cc7\u7523\u904b\u7528\u306b\u8208\u5473\u304c\u3042\u308b\u65b9\u3078<\/div>\n<div class=\"xcd-content\"><span>\u79c1\u305f\u3061GFS\u3067\u306f\u3001\u5b66\u6821\u3067\u306f\u6559\u3048\u3066\u3082\u3089\u3048\u306a\u304b\u3063\u305f\u304a\u91d1\u306e\u3053\u3068\u304c\u308f\u304b\u308b\u7121\u6599\u30b3\u30f3\u30c6\u30f3\u30c4\u3092\u3054\u7528\u610f\u3057\u3066\u3044\u307e\u3059\u3002<\/span><br \/>\n<span style=\"color: #0066c0;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16909&amp;utm_content=16909\" style=\"color: #0066c0;\">\u226b \u521d\u5fc3\u8005\u5411\u3051\u7121\u6599\u8b1b\u5ea7\uff1a\u304a\u91d1\u306e\u30d7\u30ed\u304c\u6559\u3048\u308b\u300c\u6bce\u6708\u53ce\u5165\u3092\u5f97\u308b\u6295\u8cc7\u306e\u59cb\u3081\u65b9\u300d<\/a><\/span><\/div>\n<\/div>\n<h2>Impala Platinum Holdings\u3068\u30d7\u30e9\u30c1\u30ca\u2015\u2015\u4e16\u754c\u6709\u6570\u306ePGM\u4f01\u696d\u304c\u6620\u3059\u767d\u91d1\u5e02\u5834\u306e\u73fe\u5728\u5730<\/h2>\n<p>\u30d7\u30e9\u30c1\u30ca\u306f\u3001\u91d1\u3084\u9280\u3068\u4e26\u3076\u4ee3\u8868\u7684\u306a\u8cb4\u91d1\u5c5e\u3067\u3042\u308a\u306a\u304c\u3089\u3001\u305d\u306e\u7528\u9014\u306f\u5b9d\u98fe\u54c1\u3060\u3051\u306b\u3068\u3069\u307e\u3089\u306a\u3044\u3002\u81ea\u52d5\u8eca\u306e\u6392\u30ac\u30b9\u6d44\u5316\u89e6\u5a92\u3001\u5316\u5b66\u3001\u30ac\u30e9\u30b9\u3001\u533b\u7642\u3001\u96fb\u5b50\u90e8\u54c1\u306a\u3069\u5e45\u5e83\u3044\u7523\u696d\u3067\u5229\u7528\u3055\u308c\u3066\u304a\u308a\u3001\u8fd1\u5e74\u3067\u306f\u6c34\u7d20\u30a8\u30cd\u30eb\u30ae\u30fc\u3068\u306e\u95a2\u4fc2\u3067\u3082\u6ce8\u76ee\u3092\u96c6\u3081\u3066\u3044\u308b\u3002\u3053\u3046\u3057\u305f\u30d7\u30e9\u30c1\u30ca\u3092\u542b\u3080PGM\uff08\u767d\u91d1\u65cf\u91d1\u5c5e\uff09\u306e\u751f\u7523\u3067\u4e16\u754c\u6709\u6570\u306e\u4f01\u696d\u304c\u3001\u5357\u30a2\u30d5\u30ea\u30ab\u306e**Impala Platinum Holdings\uff08Implats\uff09**\u3060\u3002<\/p>\n<p>Implats\u306f\u5357\u30a2\u30d5\u30ea\u30ab\u30fb\u30e8\u30cf\u30cd\u30b9\u30d6\u30eb\u30b0\u8a3c\u5238\u53d6\u5f15\u6240\uff08JSE\uff09\u306b\u300cIMP\u300d\u306e\u30b3\u30fc\u30c9\u3067\u4e0a\u5834\u3059\u308bPGM\u5927\u624b\u3067\u3042\u308b\u3002\u5357\u30a2\u30d5\u30ea\u30ab\u3060\u3051\u3067\u306a\u304f\u3001\u30b8\u30f3\u30d0\u30d6\u30a8\u3084\u30ab\u30ca\u30c0\u306b\u3082\u9271\u5c71\u30fb\u51e6\u7406\u4e8b\u696d\u3092\u5c55\u958b\u3057\u3066\u3044\u308b\u30022026\u5e746\u6708\u671f\u306e\u30b0\u30eb\u30fc\u30d7\u5b9f\u7e3e\u3067\u306f\u3001\u7ba1\u7406\u3059\u308b\u4e8b\u696d\u3067\u5e74\u95932630\u4e07\u30c8\u30f3\u3092\u8d85\u3048\u308b\u9271\u77f3\u3092\u51e6\u7406\u3057\u30016E\u30d9\u30fc\u30b9\u306e\u8ca9\u58f2\u91cf\u306f337\u4e07\u30aa\u30f3\u30b9\u3068\u306a\u3063\u305f\u30026E\u3068\u306f\u30d7\u30e9\u30c1\u30ca\u3001\u30d1\u30e9\u30b8\u30a6\u30e0\u3001\u30ed\u30b8\u30a6\u30e0\u3001\u30eb\u30c6\u30cb\u30a6\u30e0\u3001\u30a4\u30ea\u30b8\u30a6\u30e0\u3001\u91d1\u3092\u5408\u7b97\u3057\u305f\u6307\u6a19\u3067\u3001PGM\u4f01\u696d\u306e\u751f\u7523\u898f\u6a21\u3092\u628a\u63e1\u3059\u308b\u969b\u306b\u4f7f\u308f\u308c\u308b\u3002<\/p>\n<p>\u540c\u793e\u306e\u5f37\u307f\u306f\u3001\u30d7\u30e9\u30c1\u30ca\u3060\u3051\u306b\u4f9d\u5b58\u3057\u306a\u3044\u9271\u7269\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u3042\u308b\u3002\u4e3b\u8981\u306a\u8cc7\u7523\u3068\u3057\u3066\u3001\u5357\u30a2\u30d5\u30ea\u30ab\u306eImpala Rustenburg\u3001Marula\u3001Two Rivers\u3001Waterberg\u306e\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3001\u30b8\u30f3\u30d0\u30d6\u30a8\u306eZimplats\u3001Mimosa\u3001\u30ab\u30ca\u30c0\u306eLac des Iles\u306a\u3069\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u30022026\u5e746\u6708\u672b\u6642\u70b9\u3067\u3001\u5e30\u5c5e\u9271\u7269\u8cc7\u6e90\u91cf\u306f6E\u63db\u7b97\u30673\u5104870\u4e07\u30aa\u30f3\u30b9\u3001\u9271\u7269\u57cb\u8535\u91cf\u306f5380\u4e07\u30aa\u30f3\u30b9\u3060\u3063\u305f\u3002<\/p>\n<p>\u306a\u304b\u3067\u3082\u30b8\u30f3\u30d0\u30d6\u30a8\u306eZimplats\u306f\u3001Implats\u306e\u751f\u7523\u57fa\u76e4\u3092\u652f\u3048\u308b\u91cd\u8981\u306a\u8cc7\u7523\u3060\u3002\u5357\u30a2\u30d5\u30ea\u30ab\u306e\u30d6\u30c3\u30b7\u30e5\u30d5\u30a7\u30eb\u30c8\u8907\u5408\u5ca9\u4f53\u3001\u30b8\u30f3\u30d0\u30d6\u30a8\u306eGreat Dyke\u3001\u30ab\u30ca\u30c0\u306eCanadian Shield\u3068\u3044\u3046\u7570\u306a\u308b\u5730\u57df\u306b\u8cc7\u7523\u3092\u5206\u6563\u3057\u3066\u3044\u308b\u3053\u3068\u306f\u3001PGM\u9271\u5c71\u4f1a\u793e\u3068\u3057\u3066\u306e\u7279\u5fb4\u3067\u3082\u3042\u308b\u3002\u9271\u5c71\u306e\u64cd\u696d\u72b6\u6cc1\u3084\u5929\u5019\u3001\u96fb\u529b\u3001\u52b4\u52d9\u554f\u984c\u3001\u56fd\u3054\u3068\u306e\u653f\u7b56\u306a\u3069\u3001\u5730\u57df\u56fa\u6709\u306e\u30ea\u30b9\u30af\u3092\u5206\u6563\u3059\u308b\u52b9\u679c\u304c\u671f\u5f85\u3067\u304d\u308b\u4e00\u65b9\u3001\u305d\u308c\u305e\u308c\u306e\u56fd\u3067\u7570\u306a\u308b\u4e8b\u696d\u74b0\u5883\u306b\u5bfe\u5fdc\u3059\u308b\u5fc5\u8981\u3082\u3042\u308b\u3002<\/p>\n<p>2026\u5e746\u6708\u671f\u306f\u3001Implats\u306b\u3068\u3063\u3066\u696d\u7e3e\u9762\u3067\u3082\u91cd\u8981\u306a1\u5e74\u3068\u306a\u3063\u305f\u3002\u540c\u793e\u306f2026\u5e749\u67083\u65e5\u306b\u901a\u671f\u6c7a\u7b97\u3092\u767a\u8868\u3057\u3001\u300cstrong FY2026 performance\u300d\u3068\u8aac\u660e\u30022026\u5e746\u6708\u672b\u6642\u70b9\u306e\u8abf\u6574\u5f8c\u30cd\u30c3\u30c8\u30ad\u30e3\u30c3\u30b7\u30e5\u306f81\u5104\u30e9\u30f3\u30c9\u3001\u6700\u7d42\u914d\u5f53\u306f1\u682a\u5f53\u305f\u308a165\u30bb\u30f3\u30c8\u3068\u306a\u3063\u305f\u3002\u307e\u305f\u3001\u5e74\u9593\u8ca9\u58f2\u91cf\u306f6E\u63db\u7b97\u3067337\u4e07\u30aa\u30f3\u30b9\u306b\u9054\u3057\u305f\u3002PGM\u4fa1\u683c\u304c\u56de\u5fa9\u3059\u308b\u5c40\u9762\u3067\u3001\u751f\u7523\u30fb\u8ca9\u58f2\u9762\u306e\u6539\u5584\u3082\u696d\u7e3e\u3092\u652f\u3048\u308b\u8981\u56e0\u3068\u306a\u3063\u305f\u3002<\/p>\n<p>\u30d7\u30e9\u30c1\u30ca\u5e02\u5834\u305d\u306e\u3082\u306e\u3082\u30012026\u5e74\u306b\u5927\u304d\u306a\u5909\u5316\u3092\u898b\u305b\u3066\u3044\u308b\u3002\u4e16\u754c\u30d7\u30e9\u30c1\u30ca\u6295\u8cc7\u8a55\u8b70\u4f1a\uff08WPIC\uff09\u304c2026\u5e749\u6708\u306b\u516c\u8868\u3057\u305f\u6700\u65b0\u898b\u901a\u3057\u3067\u306f\u30012026\u5e74\u306e\u30d7\u30e9\u30c1\u30ca\u5e02\u5834\u306f26\u4e075000\u30c8\u30ed\u30a4\u30aa\u30f3\u30b9\u306e\u4f9b\u7d66\u8d85\u904e\u306b\u306a\u308b\u3068\u4e88\u6e2c\u3055\u308c\u3066\u3044\u308b\u3002\u4e00\u65b9\u30012025\u5e74\u306e\u9700\u7d66\u8d64\u5b57\u306f144\u4e07\u30aa\u30f3\u30b9\u306b\u4fee\u6b63\u3055\u308c\u30012026\u5e74\u672b\u306e\u5730\u4e0a\u5728\u5eab\u306f\u4e16\u754c\u9700\u8981\u306e\u7d043.4\u30ab\u6708\u5206\u306b\u76f8\u5f53\u3059\u308b201\u4e07\u30aa\u30f3\u30b9\u306b\u3068\u3069\u307e\u308b\u898b\u901a\u3057\u3060\u3002\u3064\u307e\u308a\u3001\u77ed\u671f\u7684\u306b\u306f\u4f9b\u7d66\u8d85\u904e\u304c\u4e88\u60f3\u3055\u308c\u308b\u3082\u306e\u306e\u3001\u904e\u53bb\u306e\u8d64\u5b57\u306b\u3088\u3063\u3066\u5728\u5eab\u6c34\u6e96\u306f\u4f9d\u7136\u3068\u3057\u3066\u4f4e\u3044\u3068\u3044\u3046\u69cb\u56f3\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<p>\u9700\u8981\u9762\u3067\u306f\u3001\u81ea\u52d5\u8eca\u304c\u4f9d\u7136\u3068\u3057\u3066\u6700\u5927\u306e\u7528\u9014\u3060\u3002WPIC\u306b\u3088\u308b\u3068\u30012021\uff5e2025\u5e74\u306e\u30d7\u30e9\u30c1\u30ca\u9700\u8981\u306b\u5360\u3081\u308b\u81ea\u52d5\u8eca\u5411\u3051\u306f36\uff5e44\uff05\u3002\u6392\u30ac\u30b9\u6d44\u5316\u7528\u89e6\u5a92\u3068\u3057\u3066\u3001\u30d7\u30e9\u30c1\u30ca\u306f\u5185\u71c3\u6a5f\u95a2\u8eca\u3084\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u8eca\u306a\u3069\u3067\u5229\u7528\u3055\u308c\u3066\u3044\u308b\u3002\u307e\u305f\u3001\u71c3\u6599\u96fb\u6c60\u8eca\u3067\u306f\u6c34\u7d20\u3068\u9178\u7d20\u304b\u3089\u96fb\u6c17\u3092\u53d6\u308a\u51fa\u3059\u53cd\u5fdc\u3092\u4fc3\u9032\u3059\u308b\u89e6\u5a92\u3068\u3057\u3066\u30d7\u30e9\u30c1\u30ca\u304c\u4f7f\u7528\u3055\u308c\u308b\u3002<\/p>\n<p>\u3053\u306e\u81ea\u52d5\u8eca\u5e02\u5834\u3067\u306f\u3001\u96fb\u6c17\u81ea\u52d5\u8eca\u306e\u666e\u53ca\u304c\u9577\u671f\u7684\u306a\u30c6\u30fc\u30de\u3068\u306a\u3063\u3066\u3044\u308b\u3002\u30d0\u30c3\u30c6\u30ea\u30fcEV\u304c\u5897\u3048\u308c\u3070\u3001\u5f93\u6765\u578b\u306e\u6392\u30ac\u30b9\u6d44\u5316\u89e6\u5a92\u306b\u4f7f\u308f\u308c\u308b\u30d7\u30e9\u30c1\u30ca\u9700\u8981\u306b\u306f\u5f71\u97ff\u304c\u51fa\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u4e00\u65b9\u3067\u3001\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u8eca\u306e\u666e\u53ca\u3084\u5546\u7528\u8eca\u3001\u71c3\u6599\u96fb\u6c60\u8eca\u306a\u3069\u304c\u65b0\u305f\u306a\u9700\u8981\u3092\u751f\u307f\u51fa\u3059\u53ef\u80fd\u6027\u3082\u3042\u308b\u30022026\u5e74\u306eWPIC\u4e88\u6e2c\u3067\u306f\u3001\u81ea\u52d5\u8eca\u5411\u3051\u30d7\u30e9\u30c1\u30ca\u9700\u8981\u306f\u524d\u5e74\u6bd44\uff05\u6e1b\u306e290\u4e074000\u30aa\u30f3\u30b9\u3068\u306a\u308b\u4e00\u65b9\u3001\u7523\u696d\u9700\u8981\u306f5\uff05\u5897\u306e238\u4e075000\u30aa\u30f3\u30b9\u3068\u898b\u8fbc\u307e\u308c\u3066\u3044\u308b\u3002AI\u95a2\u9023\u306e\u30ac\u30e9\u30b9\u3084\u96fb\u6c17\u7528\u9014\u306a\u3069\u304c\u7523\u696d\u9700\u8981\u3092\u62bc\u3057\u4e0a\u3052\u308b\u8981\u56e0\u3068\u3057\u3066\u6319\u3052\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n<p>\u3055\u3089\u306b\u4e2d\u9577\u671f\u7684\u306a\u30c6\u30fc\u30de\u3068\u3057\u3066\u898b\u9003\u305b\u306a\u3044\u306e\u304c\u6c34\u7d20\u3060\u3002PEM\u578b\u6c34\u96fb\u89e3\u88c5\u7f6e\u3067\u306f\u3001\u6c34\u304b\u3089\u6c34\u7d20\u3092\u88fd\u9020\u3059\u308b\u969b\u306e\u89e6\u5a92\u3068\u3057\u3066\u30d7\u30e9\u30c1\u30ca\u304c\u5229\u7528\u3055\u308c\u308b\u307b\u304b\u3001\u71c3\u6599\u96fb\u6c60\u3067\u3082\u30d7\u30e9\u30c1\u30ca\u89e6\u5a92\u304c\u4f7f\u308f\u308c\u308b\u3002WPIC\u306f\u3001PEM\u578b\u96fb\u89e3\u69fd\u3068\u6c34\u7d20\u71c3\u6599\u96fb\u6c60\u3092\u5408\u308f\u305b\u305f\u30d7\u30e9\u30c1\u30ca\u9700\u8981\u304c2030\u5e74\u307e\u3067\u306b\u7d0490\u4e07\u30aa\u30f3\u30b9\u306b\u9054\u3059\u308b\u53ef\u80fd\u6027\u3092\u793a\u3057\u3066\u3044\u308b\u3002\u6c34\u7d20\u95a2\u9023\u5e02\u5834\u306e\u5b9f\u969b\u306e\u6210\u9577\u306f\u653f\u7b56\u3084\u8a2d\u5099\u6295\u8cc7\u3001\u30b3\u30b9\u30c8\u3001\u30a4\u30f3\u30d5\u30e9\u6574\u5099\u306a\u3069\u306b\u5de6\u53f3\u3055\u308c\u308b\u3082\u306e\u306e\u3001\u30d7\u30e9\u30c1\u30ca\u306b\u3068\u3063\u3066\u65b0\u3057\u3044\u9700\u8981\u5206\u91ce\u3068\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n<p>\u4f9b\u7d66\u5074\u3092\u898b\u308b\u3068\u3001Implats\u306e\u3088\u3046\u306a\u5357\u30a2\u30d5\u30ea\u30ab\u4f01\u696d\u306e\u5b58\u5728\u611f\u306f\u5927\u304d\u3044\u3002\u30d7\u30e9\u30c1\u30ca\u9271\u5c71\u306f\u5357\u30a2\u30d5\u30ea\u30ab\u306b\u96c6\u4e2d\u3057\u3066\u304a\u308a\u3001\u540c\u56fd\u306e\u9271\u5c71\u64cd\u696d\u3084\u96fb\u529b\u4e8b\u60c5\u3001\u52b4\u50cd\u74b0\u5883\u306a\u3069\u304c\u4e16\u754c\u306ePGM\u4f9b\u7d66\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3002Implats\u81ea\u8eab\u30822026\u5e747\u6708\u3001Impala Rustenburg\u3067\u5b89\u5168\u4e0a\u306e\u554f\u984c\u3092\u53d7\u3051\u30017\u670824\u65e5\u304b\u308928\u65e5\u307e\u3067\u64cd\u696d\u3092\u4e00\u6642\u505c\u6b62\u3057\u3066\u5b89\u5168\u5bfe\u7b56\u3092\u5b9f\u65bd\u3057\u305f\u3068\u767a\u8868\u3057\u3066\u3044\u308b\u3002\u9271\u5c71\u4f1a\u793e\u306b\u3068\u3063\u3066\u3001\u751f\u7523\u91cf\u3060\u3051\u3067\u306a\u304f\u5b89\u5168\u6027\u3084\u64cd\u696d\u306e\u5b89\u5b9a\u6027\u304c\u91cd\u8981\u306a\u7d4c\u55b6\u8ab2\u984c\u3067\u3042\u308b\u3053\u3068\u304c\u5206\u304b\u308b\u3002<\/p>\n<p>\u307e\u305f\u3001Implats\u306f\u9271\u5c71\u3060\u3051\u306e\u4f1a\u793e\u3067\u306f\u306a\u3044\u3002\u63a1\u6398\u3057\u305f\u9271\u77f3\u3092\u51e6\u7406\u3057\u3001\u7cbe\u88fd\u307e\u3067\u884c\u3046\u3053\u3068\u3067PGM\u306e\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u5782\u76f4\u7d71\u5408\u578b\u306e\u4e8b\u696d\u30e2\u30c7\u30eb\u3092\u69cb\u7bc9\u3057\u3066\u3044\u308b\u3002\u3053\u3046\u3057\u305f\u7cbe\u88fd\u30fb\u52a0\u5de5\u80fd\u529b\u306f\u3001\u30d7\u30e9\u30c1\u30ca\u3084\u30d1\u30e9\u30b8\u30a6\u30e0\u306a\u3069\u8907\u6570\u306e\u91d1\u5c5e\u3092\u52b9\u7387\u7684\u306b\u56de\u53ce\u3059\u308b\u3046\u3048\u3067\u91cd\u8981\u3060\u3002\u3055\u3089\u306bPGM\u306f\u30ea\u30b5\u30a4\u30af\u30eb\u3082\u53ef\u80fd\u3067\u3042\u308a\u3001\u4f7f\u7528\u6e08\u307f\u81ea\u52d5\u8eca\u89e6\u5a92\u306a\u3069\u304b\u3089\u91d1\u5c5e\u3092\u56de\u53ce\u3059\u308b\u3053\u3068\u3082\u4f9b\u7d66\u6e90\u3068\u306a\u308b\u30022026\u5e74\u306e\u30d7\u30e9\u30c1\u30ca\u4f9b\u7d66\u5897\u52a0\u306b\u3064\u3044\u3066\u3082\u3001WPIC\u306f\u9271\u5c71\u751f\u7523\u3067\u306f\u306a\u304f\u30ea\u30b5\u30a4\u30af\u30eb\u306e\u5897\u52a0\u304c\u5168\u4f53\u306e\u4f9b\u7d66\u5897\u3092\u652f\u3048\u308b\u3068\u4e88\u6e2c\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>Implats\u3092\u898b\u308b\u969b\u306b\u306f\u3001\u30d7\u30e9\u30c1\u30ca\u4fa1\u683c\u3060\u3051\u3067\u5224\u65ad\u3057\u306a\u3044\u3053\u3068\u3082\u91cd\u8981\u3060\u3002\u540c\u793e\u306f\u30d7\u30e9\u30c1\u30ca\u306b\u52a0\u3048\u3066\u30d1\u30e9\u30b8\u30a6\u30e0\u3001\u30ed\u30b8\u30a6\u30e0\u306a\u3069\u8907\u6570\u306ePGM\u3092\u751f\u7523\u3059\u308b\u305f\u3081\u3001\u305d\u308c\u305e\u308c\u306e\u4fa1\u683c\u5909\u52d5\u304c\u53ce\u76ca\u306b\u5f71\u97ff\u3059\u308b\u3002\u307e\u305f\u3001\u9271\u5c71\u306e\u751f\u7523\u91cf\u3001\u51e6\u7406\u30b3\u30b9\u30c8\u3001\u96fb\u529b\u3001\u70ba\u66ff\u3001\u52b4\u52d9\u3001\u8a2d\u5099\u6295\u8cc7\u306a\u3069\u3082\u696d\u7e3e\u3092\u5de6\u53f3\u3059\u308b\u3002\u7279\u306b\u5357\u30a2\u30d5\u30ea\u30ab\u30fb\u30b8\u30f3\u30d0\u30d6\u30a8\u30fb\u30ab\u30ca\u30c0\u3068\u3044\u3046\u8907\u6570\u5730\u57df\u3067\u4e8b\u696d\u3092\u5c55\u958b\u3059\u308b\u305f\u3081\u3001\u5404\u56fd\u306e\u653f\u7b56\u3084\u64cd\u696d\u74b0\u5883\u306b\u3082\u76ee\u3092\u5411\u3051\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n<p>\u30d7\u30e9\u30c1\u30ca\u306f\u3001\u5b9d\u98fe\u54c1\u3068\u3057\u3066\u306e\u4fa1\u5024\u3060\u3051\u3067\u306a\u304f\u3001\u74b0\u5883\u898f\u5236\u3084\u81ea\u52d5\u8eca\u3001\u5316\u5b66\u3001\u533b\u7642\u3001\u6c34\u7d20\u3068\u3044\u3063\u305f\u73fe\u4ee3\u7523\u696d\u3092\u652f\u3048\u308b\u7d20\u6750\u3067\u3082\u3042\u308b\u3002\u305d\u3057\u3066Implats\u306f\u3001\u305d\u306e\u30d7\u30e9\u30c1\u30ca\u3092\u542b\u3080PGM\u306e\u63a1\u6398\u304b\u3089\u51e6\u7406\u30fb\u7cbe\u88fd\u307e\u3067\u3092\u62c5\u3046\u4e16\u754c\u6709\u6570\u306e\u4f01\u696d\u3060\u30022026\u5e74\u306f\u30d7\u30e9\u30c1\u30ca\u5e02\u5834\u3067\u4f9b\u7d66\u8d85\u904e\u304c\u4e88\u6e2c\u3055\u308c\u308b\u4e00\u65b9\u3001\u524d\u5e74\u307e\u3067\u306e\u5927\u5e45\u306a\u9700\u7d66\u8d64\u5b57\u306b\u3088\u3063\u3066\u5728\u5eab\u6c34\u6e96\u306f\u4f4e\u304f\u3001\u9700\u8981\u69cb\u9020\u3082\u81ea\u52d5\u8eca\u4e2d\u5fc3\u304b\u3089\u7523\u696d\u30fb\u6c34\u7d20\u306a\u3069\u3078\u5e83\u304c\u308a\u3064\u3064\u3042\u308b\u3002\u3053\u3046\u3057\u305f\u5e02\u5834\u74b0\u5883\u306e\u5909\u5316\u306e\u4e2d\u3067\u3001Implats\u304c\u3069\u306e\u3088\u3046\u306b\u751f\u7523\u6027\u3092\u9ad8\u3081\u3001\u9271\u5c71\u8cc7\u7523\u3092\u6d3b\u7528\u3057\u3001PGM\u9700\u8981\u306e\u5909\u5316\u306b\u5bfe\u5fdc\u3057\u3066\u3044\u304f\u306e\u304b\u306f\u3001\u30d7\u30e9\u30c1\u30ca\u5e02\u5834\u3092\u7406\u89e3\u3059\u308b\u3046\u3048\u3067\u6ce8\u76ee\u3059\u3079\u304d\u30dd\u30a4\u30f3\u30c8\u3068\u3044\u3048\u308b\u3002<\/p>\n<h2 data-section-id=\"13klp7t\" dir=\"auto\" data-start=\"796\" data-end=\"842\" class=\"PDq2pG_selectionAnchorContainer\">\u307e\u3068\u3081\u2015\u2015Valterra Platinum\u3068Implats\u304b\u3089\u898b\u308b\u30d7\u30e9\u30c1\u30ca\u5e02\u5834\u306e\u5909\u5316<span aria-hidden=\"true\" class=\"PDq2pG_selectionAnchor\"><\/span><\/h2>\n<p dir=\"auto\" data-start=\"844\" data-end=\"1066\">\u30d7\u30e9\u30c1\u30ca\u306f\u3001\u5b9d\u98fe\u54c1\u3068\u3057\u3066\u306e\u4fa1\u5024\u3060\u3051\u3067\u306a\u304f\u3001\u81ea\u52d5\u8eca\u3001\u7523\u696d\u3001\u533b\u7642\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u306a\u3069\u591a\u69d8\u306a\u5206\u91ce\u3092\u652f\u3048\u308b\u5e0c\u5c11\u91d1\u5c5e\u3067\u3042\u308b\u3002\u7279\u306b2026\u5e74\u306f\u3001\u524d\u5e74\u307e\u3067\u306e\u9700\u7d66\u8d64\u5b57\u306b\u3088\u3063\u3066\u5728\u5eab\u304c\u4f4e\u6c34\u6e96\u306b\u3042\u308b\u4e00\u65b9\u3001\u30ea\u30b5\u30a4\u30af\u30eb\u5897\u52a0\u306b\u3088\u308b\u4f9b\u7d66\u62e1\u5927\u304c\u898b\u8fbc\u307e\u308c\u3066\u304a\u308a\u3001\u9700\u7d66\u74b0\u5883\u304c\u5927\u304d\u304f\u5909\u5316\u3059\u308b\u5c40\u9762\u306b\u3042\u308b\u3002WPIC\u306b\u3088\u308c\u3070\u30012026\u5e74\u672b\u306e\u5730\u4e0a\u5728\u5eab\u306f\u4e16\u754c\u9700\u8981\u306e\u7d043.4\u30ab\u6708\u5206\u306b\u76f8\u5f53\u3059\u308b\u7d04201\u4e07\u30aa\u30f3\u30b9\u3068\u4e88\u6e2c\u3055\u308c\u3066\u3044\u308b\u3002<span class=\"contents\" data-content-reference-start=\"1006\" data-content-reference-end=\"1025\"><span class=\"\" data-state=\"closed\"><\/span><\/span><\/p>\n<p dir=\"auto\" data-start=\"1068\" data-end=\"1297\">Valterra Platinum\u306f2026\u5e74\u4e0a\u671f\u306b\u58f2\u4e0a\u9ad8\u304c\u524d\u5e74\u540c\u671f\u6bd493\uff05\u5897\u306e820\u5104\u30e9\u30f3\u30c9\u3001\u8abf\u6574\u5f8cEBITDA\u304c404\uff05\u5897\u306e334\u5104\u30e9\u30f3\u30c9\u3068\u306a\u308a\u3001\u81ea\u793e\u9271\u5c71\u306e\u751f\u7523\u91cf\u30829\uff05\u5897\u52a0\u3057\u305f\u3002<span class=\"contents\" data-content-reference-start=\"1118\" data-content-reference-end=\"1137\"><span class=\"\" data-state=\"closed\"><\/span><\/span> \u4e00\u65b9\u3001Implats\u3082\u8907\u6570\u5730\u57df\u306b\u9271\u5c71\u30fb\u51e6\u7406\u8cc7\u7523\u3092\u6301\u3061\u3001\u30d7\u30e9\u30c1\u30ca\u3092\u542b\u3080PGM\u5e02\u5834\u306e\u4f9b\u7d66\u3092\u62c5\u3063\u3066\u3044\u308b\u3002\u4e21\u793e\u306b\u5171\u901a\u3059\u308b\u306e\u306f\u3001\u30d7\u30e9\u30c1\u30ca\u3060\u3051\u3067\u306f\u306a\u304f\u8907\u6570\u306ePGM\u3092\u6271\u3046\u3053\u3068\u3067\u3001\u5e45\u5e83\u3044\u7523\u696d\u9700\u8981\u3092\u53d6\u308a\u8fbc\u3093\u3067\u3044\u308b\u70b9\u3060\u3002<\/p>\n<p dir=\"auto\" data-start=\"1299\" data-end=\"1553\" data-is-last-node=\"\" data-is-only-node=\"\">\u4eca\u5f8c\u306e\u7126\u70b9\u306f\u3001\u81ea\u52d5\u8eca\u5411\u3051\u9700\u8981\u306e\u5909\u5316\u3068\u7523\u696d\u30fb\u6c34\u7d20\u95a2\u9023\u9700\u8981\u306e\u6210\u9577\u304c\u3069\u306e\u3088\u3046\u306b\u7d44\u307f\u5408\u308f\u3055\u308b\u304b\u3060\u30022026\u5e74\u306f\u81ea\u52d5\u8eca\u5411\u3051\u9700\u8981\u304c4\uff05\u6e1b\u5c11\u3059\u308b\u4e00\u65b9\u3001\u7523\u696d\u9700\u8981\u306f5\uff05\u5897\u52a0\u3059\u308b\u3068\u306e\u4e88\u6e2c\u3082\u3042\u308b\u3002<span class=\"contents\" data-content-reference-start=\"1327\" data-content-reference-end=\"1346\"><span class=\"\" data-state=\"closed\"><\/span><\/span> \u30d7\u30e9\u30c1\u30ca\u5e02\u5834\u306f\u3001\u5f93\u6765\u306e\u300c\u81ea\u52d5\u8eca\u89e6\u5a92\u3068\u5b9d\u98fe\u54c1\u300d\u3068\u3044\u3046\u69cb\u56f3\u304b\u3089\u3001\u3088\u308a\u5e45\u5e83\u3044\u7523\u696d\u7528\u9014\u3078\u3068\u5909\u5316\u3057\u3064\u3064\u3042\u308b\u3002Valterra Platinum\u3068Implats\u306f\u3001\u3053\u3046\u3057\u305f\u9700\u8981\u69cb\u9020\u306e\u5909\u5316\u3068\u3001\u5357\u30a2\u30d5\u30ea\u30ab\u3092\u4e2d\u5fc3\u3068\u3059\u308b\u4f9b\u7d66\u5074\u306e\u52d5\u5411\u3092\u540c\u6642\u306b\u898b\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u4ee3\u8868\u7684\u306a\u4f01\u696d\u3068\u3044\u3048\u308b\u3002<\/p>\n<div data-conversation-screenshot-content=\"\" class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"z-0 flex min-h-[46px] justify-start\">\n<div class=\"flex max-w-full flex-col gap-4 grow\">\n<div data-message-author-role=\"assistant\" data-message-id=\"6d267c02-2639-4a17-a7d4-e6bf4878c6e6\" dir=\"auto\" data-message-model-slug=\"gpt-5-6\" class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden\">\n<div class=\"markdown prose dark:prose-invert wrap-break-word w-full light markdown-new-styling\">\n<div class=\"xcd-attention-8 xcd-col5 xcd-ripple\">\n<div class=\"xcd-title\"><span style=\"font-size: 18pt;\">\u30d7\u30ed\u306e\u77e5\u8b58\u304c\u7121\u6599\u3067\u5b66\u3079\u307e\u3059<\/span><\/div>\n<div class=\"xcd-content\">\n<p><span style=\"font-size: 14pt;\"><strong>\u300c\u6295\u8cc7\u306e\u52c9\u5f37\u3092\u4f55\u304b\u3089\u3084\u3063\u3066\u3044\u3044\u304b\u308f\u304b\u3089\u306a\u3044\u300d\u300c\u6295\u8cc7\u3067\u8cc7\u7523\u3092\u4f5c\u308a\u305f\u3044\u3001\u53ce\u5165\u3092\u5897\u3084\u3057\u305f\u3044\u300d<\/strong><\/span><\/p>\n<p>\u305d\u3093\u306a\u6642\u306f<b><span class=\"f-marker-p\">\u7121\u6599\u3067\u8996\u8074\u3067\u304d\u308b\u30aa\u30f3\u30e9\u30a4\u30f3\u8b1b\u5ea7\u300c<a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16989&amp;utm_content=16989\">GFS\u76e3\u4fee \u6295\u8cc7\u306e\u9054\u4eba\u8b1b\u5ea7<\/a>\u300d\u3092\u307e\u305a\u306f\u304a\u8a66\u3057\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/span><\/b><\/p>\n<p>\u6295\u8cc7\u306e\u9054\u4eba\u306b\u306a\u308b\u6295\u8cc7\u8b1b\u5ea7\u306f\u3001\u751f\u5f92\u657050,000\u4eba\u3092\u8d85\u3048\u8b1b\u7fa9\u6570\u65e5\u672c\u4e00\u306e\u6295\u8cc7\u30b9\u30af\u30fc\u30eb<a href=\"https:\/\/gfs.tokyo\/\">GFS<\/a>\u304c\u63d0\u4f9b\u3059\u308b\u7121\u6599\u30aa\u30f3\u30e9\u30a4\u30f3\u8b1b\u5ea7\u3067\u3059\u3002\u30d7\u30ed\u306e\u6295\u8cc7\u5bb6\u3067\u3042\u308b\u8b1b\u5e2b\u304c\u3001\u672a\u7d4c\u9a13\u8005\u3084\u82e6\u624b\u610f\u8b58\u304c\u3042\u308b\u4eba\u3067\u3082\u5206\u304b\u308b\u3088\u3046\u306b\u3001\u6295\u8cc7\u306e\u4ed5\u7d44\u307f\u3084\u5168\u4f53\u50cf\u3001\u30eb\u30fc\u30eb\u3092\u57fa\u790e\u304b\u3089\u56f3\u89e3\u3092\u4ea4\u3048\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<p>\u6295\u8cc7\u306e\u52c9\u5f37\u3092\u306a\u308b\u3079\u304f\u52b9\u7387\u3088\u304f\u59cb\u3081\u305f\u3044\u4eba\u306f\u3001\u305c\u3072\u4e00\u5ea6\u3054\u8996\u8074\u304f\u3060\u3055\u3044\u3002<\/p>\n<div class=\"cv-btn-wrap\">\n<div class=\"cv-copy\" style=\"text-align: center;\"><strong><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16989&amp;utm_content=16989\">\uff3c1\u5206\u3067\u7c21\u5358\u7533\u8fbc\uff0f<\/a><\/strong><\/div>\n<div class=\"cv-btn\" style=\"text-align: center;\"><strong><span class=\"cv-em\">\u7121\u6599<\/span><\/strong><br \/>\n<strong><span class=\"cv-text\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16989&amp;utm_content=16989\n\">\u30aa\u30f3\u30e9\u30a4\u30f3\u8b1b\u5ea7\u306f\u3053\u3061\u3089<\/a><\/span><\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><span style=\"color: #0066c0;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16919&amp;utm_content=16919\" style=\"color: #0066c0;\">\u226b\u521d\u5fc3\u8005\u3067\u3082\u8cc7\u7523\u5f62\u6210\u3092\u5b66\u7fd2\u3067\u304d\u308b\u7121\u6599\u30aa\u30f3\u30e9\u30a4\u30f3\u30bb\u30df\u30ca\u30fc\u306f\u3053\u3061\u3089<\/a><\/span><\/p>\n<p data-path-to-node=\"4\">\u3010\u91cd\u8981\u3011\u514d\u8cac\u4e8b\u9805<\/p>\n<ul data-path-to-node=\"5\">\n<li>\n<p data-path-to-node=\"5,0,0\"><b data-path-to-node=\"5,0,0\" data-index-in-node=\"0\">\u6295\u8cc7\u5224\u65ad\u306e\u6700\u7d42\u8cac\u4efb\uff1a<\/b> \u672c\u8a18\u4e8b\u3067\u7d39\u4ecb\u3057\u3066\u3044\u308b\u9298\u67c4\u3084\u30bb\u30af\u30bf\u30fc\u3001\u5206\u6790\u5185\u5bb9\u306f\u3001\u60c5\u5831\u63d0\u4f9b\u304a\u3088\u3073\u5b66\u7fd2\u306e\u5553\u767a\u306e\u307f\u3092\u76ee\u7684\u3068\u3057\u3066\u304a\u308a\u3001\u7279\u5b9a\u306e\u9298\u67c4\u306e\u58f2\u8cb7\u3092\u63a8\u5968\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6295\u8cc7\u306b\u95a2\u3059\u308b\u6700\u7d42\u6c7a\u5b9a\u306f\u3001\u5fc5\u305a\u3054\u81ea\u8eab\u306e\u5224\u65ad\u3068\u8cac\u4efb\u3067\u884c\u3063\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"5,1,0\"><b data-path-to-node=\"5,1,0\" 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\u672c\u8a18\u4e8b\u306e\u5185\u5bb9\u306b\u57fa\u3065\u3044\u3066\u88ab\u3063\u305f\u3044\u304b\u306a\u308b\u640d\u5bb3\uff08\u76f4\u63a5\u7684\u30fb\u9593\u63a5\u7684\u3092\u554f\u308f\u305a\uff09\u306b\u3064\u3044\u3066\u3082\u3001\u7b46\u8005\u306f\u4e00\u5207\u306e\u8cac\u4efb\u3092\u8ca0\u3044\u307e\u305b\u3093\u3002<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div aria-hidden=\"true\" class=\"pointer-events-none -mb-px h-px w-full opacity-0\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u30d7\u30e9\u30c1\u30ca\u306f\u300c\u8cb4\u91d1\u5c5e\u300d\u304b\u3089\u300c\u7523\u696d\u3092\u652f\u3048\u308b\u91d1\u5c5e\u300d\u3078 \u30d7\u30e9\u30c1\u30ca\u3068\u805e\u304f\u3068\u3001\u7d50\u5a5a\u6307\u8f2a\u3084\u9ad8\u7d1a\u30b8\u30e5\u30a8\u30ea\u30fc\u306a\u3069\u3092\u601d\u3044\u6d6e\u304b\u3079\u308b\u4eba\u3082\u591a\u3044\u3060\u308d\u3046\u3002\u3057\u304b\u3057\u3001\u305d\u306e\u5f79\u5272\u306f\u5b9d\u98fe\u54c1\u306b\u3068\u3069\u307e\u3089\u306a\u3044\u3002\u30d7\u30e9\u30c1\u30ca\u306f\u81ea\u52d5\u8eca\u306e\u6392\u30ac\u30b9\u6d44\u5316\u89e6\u5a92\u3092\u306f\u3058\u3081\u3001\u5316\u5b66\u3001\u30ac\u30e9\u30b9\u3001 [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":31877,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13,10],"acf":[],"_links":{"self":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts\/31874"}],"collection":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/comments?post=31874"}],"version-history":[{"count":4,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts\/31874\/revisions"}],"predecessor-version":[{"id":31890,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts\/31874\/revisions\/31890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/media\/31877"}],"wp:attachment":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/media?parent=31874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/categories?post=31874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}