Sibanye is the largest PGM producer with significant gold and battery metals optionality (Keliber lithium, Sandouville nickel). PGM prices are recovering on autocatalyst demand stabilization and hydrogen economy emergence (palladium, platinum, iridium for electrolyzers). The Stillwater US palladium mine provides Western supply security premium. Balance sheet stress is moderating as PGM basket prices recover above $1,400/oz.
Thesis reviewed May 29, 2026
Sibanye Stillwater Limited is headquartered in South Africa, which is currently showing moderate signals.
🇿🇦South Africa59NEUTRALView South Africa risk detail →⛏Mining6WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| AEM | Agnico Eagle Mines Limited | 14 | +18% | ↓65% | EARLY |
| BHP | BHP Group Limited | 14 | +10% | ↓65% | EARLY |
| ALB | Albemarle | 14 | +18% | ↓65% | EARLY |
| RIO | Rio Tinto plc | 14 | +10% | ↓65% | EARLY |
| AG | First Majestic Silver Corp. | 14 | +13% | ↓65% | EARLY |
| SAND | Sandstorm Gold Royalties Ltd. | 14 | +10% | ↓65% | EARLY |
| GLEN | Glencore plc | 14 | +17% | ↓65% | EARLY |
Investors who hold SBSW may also have indirect exposure through these country funds.
Palladium spikes 18% on Russian supply concerns and auto restocking
Sibanye announces Keliber lithium plant commissioning ahead of schedule
Estimates · Yahoo Finance · Not audited figures