A Perfect Storm Is Driving Precious Metals
The rally in Sibanye-Stillwater mirrors an unprecedented surge in precious metals prices across the board. Gold recently smashed through $5,300 per ounce, while platinum group metals (PGMs) have nearly doubled since mid-May 2025.
According to a Moneyweb report, the basket of four key metals the company produces—platinum, palladium, rhodium, and gold—jumped from R25,353 per ounce in mid-May to R50,406 currently. That's a straight doubling in less than a year.
What's driving this rally in precious metals? One word: chaos.
President Donald Trump's erratic tariff policies and foreign interventions have rattled global markets. His recent military action in Venezuela and threats to annex Greenland sent investors scrambling for safety. Gold benefits when uncertainty reigns, and right now, uncertainty is king.
BlackRock Isn’t Alone in This Bet
Sibanye-Stillwater has attracted an impressive roster of heavyweight investors beyond BlackRock. According to the Moneyweb report:
The Public Investment Corporation, South Africa's largest fund manager for public servants' pensions, holds a 20.42% stake after adding another 2.4% last October. That makes the PIC the single largest shareholder.
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