Sibanye-Stillwater, Heraeus team up to save palladium

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Precious metals producer Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) has teamed up with metals trader and recycling company Heraeus Precious Metals to explore new uses for platinum-group metals (PGM), particularly palladium, in the hydrogen market.

The partners aim to develop alternative markets for the battered-metal, as prices fell more than 40% last year due mainly to weak demand from China. The rout has rolled into 2024, with the palladium price falling below platinum’s last week for the first time since 2018.
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The joint venture, which will be equally funded by both parties, says that while palladium demand has been dominated by auto catalysts for the past few decades, is time to find new applications for the metal.
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Sibanye-Stillwater, Heraeus team up to save palladium

The miners will explore new uses for PGMs, particularly palladium, in the hydrogen market amid weak demand for the metal.

www.mining.com