Palladium/CHF

Sibanye Stillwater Ltd. plans to cut jobs at its US platinum-group metals operations to lower costs, after palladium prices slumped this year, shortly after announcing similar moves in South Africa. It’s the latest sign the Johannesburg-listed company, which diversified from gold into PGMs and then battery metals, is bracing for a tougher market ...

In August, Horizonte Minerals (HZM) told investors there was a significant re-rating potential “as [nickel project] Araguaia transitions to a producer”, and stuck to a Q1 2024 start date for the new mine. Just two months later, it became a very different story. Management revealed in October that Araguaia had a $160mn (£126mn) funding hole, taking the total ...