Sibanye Stillwater CEO expects platinum prices to remain above previous lows despite volatility

Sibanye CEO Richard Stewart expects platinum prices to stay above 2025 lows despite volatility. The group is also advancing its Finnish lithium development.

Insights:
Sibanye Stillwater Limited Chief Executive Officer Richard Stewart has stated that while platinum and palladium prices are expected to remain volatile in the short term, they are unlikely to return to the lows recorded a year ago. This outlook is directly influencing the company's operational timing and commercial strategies across its global portfolio, including decisions regarding the Stillwater West mine and the Keliber lithium project. Stewart linked recent commodity price fluctuations and a significant supply deficit in the platinum group metals sector to these specific company actions.
A logo of Sibanye Stillwater is seen at a mine in Marikana, outside Rustenburg, northwest of Johannesburg, South Africa, March 14, 2024. REUTERS/Siphiwe Sibeko
A logo of Sibanye Stillwater is seen at a mine in Marikana, outside Rustenburg, northwest of Johannesburg, South Africa, March 14, 2024. REUTERS/Siphiwe Sibeko
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