Sibanye-Stillwater just presented its Q1 2023 figures, which were not well received by the stock market. The group generated adjusted EBITDA of $441 million in 1Q2023, weighed down by declining PGM prices and local operational challenges on the PGM business in South Africa. The main positive was the company's expansion into green energy metals and recycling. We provide an overview of the developments at the Keliber lithium refinery and the nickel refinery in Sandouville. In addition, the leading position in tailings recovery was expanded through a successful takeover bid for New Century Resources Limited in March 2023.
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