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Russian PGM dump leads to US miner layoffs

Metal Tech News - September 16, 2024

Sibanye-Stillwater gives notice to hundreds of Montana miners as palladium prices collapse.

Sibanye-Stillwater, the only platinum and palladium mine in the United States, gave employees a 60-day notice of upcoming layoffs – blaming a loss of more than $350 million since the beginning of 2023 and plummeting metal pricing due to predatory Russian price dumping.

The South Africa-based miner expanded...

 
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