NEW YORK, December 29, 2025, 04:37 ET — Premarket
- Sibanye Stillwater’s U.S.-listed shares were down 4.5% in premarket trading.
- Platinum and palladium prices were sharply lower, pressuring producers tied to the metals.
- Investors are watching Fed minutes this week and Sibanye’s next results update in February.
Sibanye Stillwater shares fell 4.5% to $15.00 in premarket trading on Monday, after the South African miner closed last week near recent highs. [1]
The move matters because Sibanye’s earnings are closely linked to platinum-group metals, or PGMs — a basket that includes platinum and palladium, widely used in automotive exhaust catalysts — making the stock sensitive to sudden swings in metal prices. [2]
That sensitivity is in focus at year-end as precious metals prices whip around on shifting bets about U.S. interest rates and geopolitics, both key drivers of safe-haven demand and the dollar. [3]
On Sibanye’s market dashboard, platinum was down 5.1% at $2,344.80 an ounce and palladium was down 15.6% at $1,663, while gold was off 1.5% at $4,465.97. The figures were last updated at 11:12 a.m. on Monday. [4]
Reuters reported spot platinum and palladium fell sharply after hitting record highs earlier in the day, while gold and silver retreated as investors took profits. [5]
“Profit-taking and seemingly productive talks … have put gold and silver on the back foot,” said Tim Waterer, chief market analyst at KCM Trade, in a Reuters note. [6]
Sibanye’s U.S. PGM operations primarily produce palladium and platinum, while the group also runs PGM and gold operations in southern Africa. That mix makes the stock a de facto lever on both PGM and gold prices. [7]
In premarket trading — the session before the New York Stock Exchange opens at 9:30 a.m. ET — Sibanye traded between $14.99 and $15.02, according to Public.com data. [8]
Broader markets have been leaning on expectations of further Federal Reserve rate cuts in 2026, with investors focused this week on the minutes of the Fed’s latest meeting. Lower rates can support non-yielding assets like gold by reducing the opportunity cost of holding them. [9]
For Sibanye, traders will be watching whether platinum and palladium stabilize after the latest pullback, and whether the U.S. dollar remains under pressure — a key variable because metals are priced in dollars and currency swings can feed into commodity demand. [10]
The next major company catalyst on the calendar is Sibanye’s “H2 and year end 2025 results announcement,” scheduled for February 20, 2026, the company’s website shows. [11]
Investors will be looking in that update for management’s views on production, costs and the outlook for PGMs and gold after a year of outsized moves in precious metals. [12]
References
1. public.com, 2. www.sibanyestillwater.com, 3. www.reuters.com, 4. www.sibanyestillwater.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.sibanyestillwater.com, 8. public.com, 9. www.reuters.com, 10. www.reuters.com, 11. www.sibanyestillwater.com, 12. www.sibanyestillwater.com
