Anglo American Plc's plan to spin off Johannesburg-listed Amplats — as part of a dramatic restructuring to fend off a takeover bid from BHP Group — could also curb production, according to Dunne. "A standalone Amplats, to me, probably implies a tighter supply base," he said. Read More: CEO Who Said No to $49 Billion Must Now Dismantle Anglo American The price of platinum – also used in vehicle anti-pollution devices but less dependent on auto demand – has fared better than palladium, and currently trades near where it began last year.