Sibanye Stillwater CEO discusses platinum price stability and project updates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2024
0mins
Should l Buy SBSW?
Source: WSJ
Sibanye Stillwater Ltd's stock rose by 7.80% as it crossed above the 5-day SMA, reflecting positive market sentiment.
CEO Richard Stewart indicated that platinum prices will remain volatile but will not revisit last year's lows, suggesting a new price floor has been established. Additionally, the company is assessing the restart of its Stillwater West mine based on long-term palladium market views and is progressing with its Keliber lithium project in Finland, expecting technical-grade lithium hydroxide production in Q4.
These developments highlight Sibanye's strategic positioning in the volatile platinum market and its commitment to advancing its lithium project, which could enhance its growth prospects.
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Analyst Views on SBSW
Wall Street analysts forecast SBSW stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 15.880
Low
18.00
Averages
18.00
High
18.00
Current: 15.880
Low
18.00
Averages
18.00
High
18.00
About SBSW
Sibanye Stillwater Limited is a multinational mining and metals processing group with a diverse portfolio of mining and processing operations, projects and investments across five continents. The Company is the recycler of platinum group metals (PGMs) and is interests in mine tailings retreatment operations. It is a primary producer of platinum, palladium, and rhodium and is a top tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper and cobalt. The Company has also diversified into battery metals mining and processing. Its portfolio consists of platinum group metal operations in the United States (US), South Africa (SA) and Zimbabwe; gold operations and projects in SA; copper, gold and PGM exploration properties in North and South America, and zinc retreatment facility and copper property in Australia; recycling operations in the Americas region, and Keliber lithium project in Finland and the GalliCam project in France.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Price Reaction: In pre-market trading, HIVE's shares fell by 2.3% to $2.16, indicating a negative investor reaction to the earnings report, which could impact the company's short-term financing capabilities.
- Overall Market Trend: U.S. stock futures were broadly lower, with Nasdaq 100 futures dropping over 150 points, reflecting a bearish market sentiment that may have a ripple effect on HIVE and other tech stocks.
See More
Analysis of Sibanye Stillwater's Shareholder Structure
- Institutional Ownership: Sibanye Stillwater's institutional investors hold 85% of the shares, indicating strong confidence in the company's prospects, but also suggesting that stock price may be vulnerable to their trading decisions.
- Market Performance Review: The company reached a market cap of R192 billion, with a one-year return to shareholders of 281%, showcasing robust market performance that attracts more investor attention.
- Major Shareholder Analysis: The Public Investment Corporation is the largest shareholder with 20% ownership, while the top seven shareholders collectively own over half of the shares, reflecting a balance of interests among larger and smaller shareholders.
- Insider Ownership Situation: Insiders own less than 1% of the company, which, while common in large firms, may lead to excessive concentration of decision-making power, potentially impacting corporate governance.
See More
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- Dumping Investigation Findings: The Commerce Department stated this week that its preliminary investigation found evidence of dumping, with a preliminary weighted-average dumping rate margin of 132.83% for palladium from Russia, providing strong backing for Sibanye's tariff request.
- Competitive Disadvantage: CEO Richard Stewart expressed encouragement from the government's preliminary finding, noting that
See More
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- Stillwater West Mine Restart Assessment: Sibanye is evaluating when to restart its Stillwater West mine in Montana, which was placed on care and maintenance in 2024, with the decision hinging on a long-term view of the palladium market rather than short-term price fluctuations.
- Lithium Project Progress: The company is executing the phased commissioning of its Keliber lithium project in Finland this year, with technical-grade lithium hydroxide production expected in Q4, while battery-grade lithium production will depend on metal prices and offtake agreements.
- Market Dynamics Analysis: Stewart noted that platinum prices exceeded $2,918.80/oz in 2025, and although they have decreased by 1.6% so far in 2026, the demand and supply dynamics for platinum will significantly influence future price trends.
See More
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- Strategic Partnership: The signing of this agreement not only demonstrates Sibanye Stillwater's commitment to green energy but may also pave the way for future renewable energy projects, thereby strengthening the company's competitive position in the market.
- Environmental Impact: By implementing renewable energy solutions, Sibanye anticipates a reduction in greenhouse gas emissions, aligning with the growing global focus on sustainability and enhancing the company's image among investors and consumers.
- Market Outlook: The completion of this agreement could attract more investor interest in Sibanye Stillwater, especially against the backdrop of increasing global demand for renewable energy, further driving the company's long-term growth potential.
See More
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Renewable Energy Portfolio: The focus is on the renewable energy portfolio of CO, which has been generating clean energy since 2028.
Annual Clean Energy Generation: CO's renewable energy efforts are projected to generate 2.036 THOF of clean energy annually.
See More
