Sibanye cuts US output forecast after five-week strike

AI desk brief

Sibanye-Stillwater cut 2026 US platinum and palladium output guidance to 245,000–255,000 ounces from 280,000–300,000 after a five-week strike that ended Oct. 7. September-quarter US output fell 19% year-on-year to 59,417 ounces; staffing is about 25% below planned 2027 mechanized-operation levels, complicating recovery. Lower output from these palladium-dominated operations could support PGM prices, although the article does not establish the global supply impact. Southern African PGM output fell 10% to 458,202 ounces, but annual guidance remained 1.65–1.75 million ounces; gold output declined 12% to 155,449 ounces.