Sibanye Stillwater (SBSW) Shares Surge Amid Potential Sanctions on Russian Metals

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Oct 24, 2024
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Sibanye Stillwater (SBSW, Financial) saw its stock price soar, with shares spiking over 12% at one point before settling at a 10.34% increase, reaching $4.855. This surge follows reports that the United States is urging the Group of Seven allies to contemplate imposing sanctions on Russian palladium and titanium. This potential geopolitical move has driven palladium prices up by 8%, touching $1,142.75, marking the highest level since December 2023.

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