Sibanye-Stillwater eyes moves into copper, 'high tech metals,' CEO says [Seeking Alpha]
SIBANYE-STILLWATER (SBGL)
US:NYSE Investor Relations:
sibanyestillwater.com/investors
Company Research
Source: Seeking Alpha
Sibanye-Stillwater eyes moves into copper, 'high tech metals,' CEO says Jan. 22, 2020 6:30 PM ET | Sibanye Gold Limited (SBGL) Carl Surran Sibanye-Stillwater (NYSE: wants to expand beyond precious metals WSJ "We are considering what we call a move into the high-tech metals, which includes copper," Froneman says, citing a future auto market that will change as "electric vehicles are becoming sizable in terms of their market penetration." Froneman says any move into these metals would occur through acquisitions of operating miners rather than through exploration or developing greenfield sites, although the company will prioritize paying down debt and dividends before turning to strategic moves. Prices have been surging for palladium, rhodium and platinum - which automakers use to remove toxic pollutants from exhaust fumes to meet tightening emissions regulations - but Froneman says Sibanye will not to raise production to take advantage, fearing such a move would flood the relatively we
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