Platinum group metals news was light on Monday. The two verified developments this week both involve Sibanye-Stillwater: a ratified wage deal at its East Boulder mine in Montana and confirmation that its shares will begin trading on South Africa's A2X exchange from Tuesday. No new, independently verifiable platinum, palladium or rhodium story broke in the last 48 hours, so today's report recaps the past week's confirmed news alongside the latest dated price reference points.
Top stories#
Sibanye-Stillwater settles East Boulder wage deal, other strikes continue#
Workers at Sibanye-Stillwater's East Boulder mine in Montana approved a new four-year labor agreement with the United Steelworkers, Mining Weekly reported on 30 September. The contract runs from 1 August 2026 through 31 July 2029 and sets a 4.5% pay increase in its first year, with raises in the following two years tied to the higher of a fixed percentage or the consumer price index. Strike action continues at the company's Stillwater East and Columbus sections, a dispute DailyPlatinum has covered in earlier reports this week. East Boulder and Stillwater are part of the only primary platinum group metal mining complex in the United States, making labor stability there relevant to the North American supply picture; see our Sibanye-Stillwater producer page for production context.
Sibanye-Stillwater confirms secondary listing on South Africa's A2X exchange#
Sibanye-Stillwater said its ordinary shares had been approved for trading on South Africa's A2X exchange, adding a secondary listing alongside its primary JSE listing and its American depositary shares on the NYSE, Miningmx reported on 29 September. The new listing adds a trading venue for investors in the stock rather than changing the company's PGM output, but it is a sign of the company's push to broaden its investor base during a period of elevated labor costs and ongoing US strike action.
Prices and market context#
Platinum's all-time high remains $2,923/oz, set on 26 January 2026 on a WPIC basis, with Johnson Matthey's base-price series marking the same event at $2,860/oz. Palladium remained near the one-year low of about $1,170/oz that DailyPlatinum reported on 2 October, reflecting softer industrial demand for the metal this year relative to platinum. WPIC's Platinum Quarterly for the second quarter of 2026, published 9 September 2026, revised its estimate of the 2025 platinum deficit to more than 1 million ounces and turned its 2026 forecast to a 265,000-ounce surplus, with above-ground stocks projected at roughly 3.4 months of demand by the end of 2026. Track current levels on our platinum price and palladium price pages.
What to watch#
Sibanye-Stillwater's shares are due to begin trading on the A2X exchange on Tuesday, 6 October 2026, the first session of the new secondary listing. Watch for any resolution of the strikes at Sibanye-Stillwater's Stillwater East and Columbus sections, now that the East Boulder unit has reached a new four-year wage agreement. Also watch for Sibanye-Stillwater's next operational update, which would detail how the Montana labor disputes are affecting production at the only primary PGM mining complex in the United States.
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