Montana miner to lay off hundreds due to declining palladium prices [Financial Post (Toronto, Ontario, Canada)]
D/B/A Sibanye-Stillwater Limited ADS (SBSW)
Company Research
Source: Financial Post
NYE, Mont. (AP) — The owner of the only platinum and palladium mines in the U.S. announced Thursday it plans to lay off hundreds of employees in Montana due to declining prices for palladium, which is used in catalytic converters. The price of the precious metal was about $2,300 an ounce two years ago and has dipped below $1,000 an ounce over the past three months, Sibanye-Stillwater Executive Vice President Kevin Robertson said in a letter to employees explaining the estimated 700 layoffs expected later this year. “We believe Russian dumping is a cause of this sharp price dislocation,” he wrote. “Russia produces over 40% of the global palladium supply, and rising imports of palladium have inundated the U.S. market over the last several years.” Sibanye-Stillwater gave employees a 60-day notice of the layoffs, which is required by federal law. Montana U.S. Sens. Steve Daines, a Republican, and Jon Tester, a Democrat, said Thursday they will introduce legislation to prohibit
Show less
Read more
Impact Snapshot
Event Time:
SBSW
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SBSW alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SBSW alerts
High impacting D/B/A Sibanye-Stillwater Limited ADS news events
Weekly update
A roundup of the hottest topics
SBSW
News
- Sibanye-Stillwater teams up with C5 Capital to develop advanced nuclear energy projects [Seeking Alpha]Seeking Alpha
- C5 Capital Signs MOU with Sibanye-Stillwater to Advance Nuclear Energy in South Africa, the United States and Globally [Yahoo! Finance]Yahoo! Finance
- C5 Capital Signs MOU with Sibanye-Stillwater to Advance Nuclear Energy in South Africa, the United States and GloballyPR Newswire
- Prony Resources gears up for nickel production restart at Goro mine [Yahoo! Finance]Yahoo! Finance
- Is Sibanye Stillwater Limited (SBSW) the Best Nickel Stock to Invest in? [Yahoo! Finance]Yahoo! Finance
SBSW
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form 6-K
- 11/8/24 - Form 6-K
- SBSW's page on the SEC website