Published 7 hours ago

Sibanye-Stillwater gains momentum as U.S. regulation boosts Montana PGM operations

Summary by Billionaires.Africa

Key Points Sibanye-Stillwater’s Montana PGM operations will gain from new Section 45X regulations under the U.S. Inflation Reduction Act (IRA), ensuring vital funding for palladium and platinum mining. In early 2024, the company posted a R7.5-billion ($425 million) impairment on its U.S. assets due to low PGM prices, alongside a 200,000-ounce production cut to manage costs. The amended Section 45X now includes extraction costs for AMP credit, …

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Sibanye-Stillwater gains momentum as U.S. regulation boosts Montana PGM operations

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