Sibanye-Stillwater Limited (SBSW) shares are down today, trading at $4.02, a 1.21% decrease from the previous close of $4.07. The decline in SBSW's stock price comes amid a broader downturn in the gold market, as reports of de-escalating tensions in the Middle East have led to a drop in gold prices. This development has likely impacted investor sentiment towards gold mining stocks, including Sibanye-Stillwater, which is heavily involved in precious metals mining.
Additionally, the platinum market, another key area for Sibanye-Stillwater, is facing a projected deficit for the third consecutive year in 2025, according to the World Platinum Investment Council. While the deficit is expected to be lower than in 2024, ongoing supply-demand imbalances could be contributing to uncertainty in the market.