Sibanye-Stillwater Explores Use Cases For Rare Metal The Auto Sector Needs Less Of
Portfolio Pulse from Stjepan Kalinic
Sibanye-Stillwater (NYSE:SBSW) is exploring new applications for palladium in the hydrogen market as demand from the automotive sector decreases due to the shift towards electric vehicles. The company, facing a decline in palladium prices and industry layoffs, has formed a joint venture with Heraeus Precious Metals to innovate in hydrogen applications, aiming to reduce costs and dependence on scarce materials like iridium.
February 16, 2024 | 3:01 pm
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Sibanye-Stillwater is exploring palladium's use in the hydrogen market through a joint venture with Heraeus Precious Metals, aiming to innovate and reduce costs amidst declining demand from the automotive sector.
The shift towards exploring palladium's use in the hydrogen market could open new revenue streams for Sibanye-Stillwater, potentially offsetting the declining demand from the automotive sector. The partnership with Heraeus Precious Metals indicates a strategic move to innovate and reduce costs, which could positively impact SBSW's stock in the short term as investors may view this diversification and innovation positively.
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