"We don't want to be overly reliant on any one country or any one company for global supply chains," says US Deputy Treasury Secretary Wally Adeyemo.

The miner's headline earnings declined to $158.5 million in the six months to December 2023.

Government says it’s considering how to handle offtake agreements that function as loans or investments by China in Canadian mining companies as it continues to clamp down on critical mineral transactions.

The nation’s platinum sector — which accounts for about 70% of global output — has been a key export industry.

Platinum demand surged 25% in 2023, seen down 6% in 2024.

CEO Neal Froneman said Sibanye may consider a capital raise if the lower metal prices persist for longer.

Platinum prices fell due to weaker growth in China and destocking by manufacturers post-Russia-Ukraine invasion.