UPDATE 1-Sibanye-Stillwater, Implats and BASF develop new tri-metal catalyst [Reuters]
D/B/A Sibanye-Stillwater Limited ADS (SBSW)
Company Research
Source: Reuters
UPDATE 1-Sibanye-Stillwater, Implats and BASF develop new tri-metal catalyst (Adds detail, background, CEO quote) By Tanisha Heiberg JOHANNESBURG, March 10 (Reuters) - South Africa’s Sibanye-Stillwater said on Tuesday along with Impala Platinum (Implats) it had partnered chemical company BASF to develop a new tri-metal auto catalyst allowing the partial substitution of palladium with platinum. The research by BASF, which was funded by Sibanye and Implats, had successfully developed and tested the catalyst that would enable higher-priced palladium to be partially replaced with lower-priced platinum in light-duty gasoline vehicles. Prices of palladium and rhodium, widely used in vehicle exhausts to reduce harmful emissions, have climbed as tighter environmental regulations force carmakers to buy more of the precious metals for catalytic converters. Platinum has however remained in a surplus amid shrinking demand, particularly since Volkswagen’s “dieselgate” scandal in 2015 which saw pla
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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