Sibanye-Stillwater’s shares drop after it buys metals recycler Reldan for R3bn on its journey towards net zero

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Sibanye-Stillwater has acquired US-based metals recycler Reldan Group of Companies. What does this mean for the counter which dropped on the news? Malose Mamashela, Investment Analyst at Mergence Investment Managers, says the deal aligns with Sibanye-Stillwater’s strategic positioning into green or future-facing metals, although there are several headwinds.

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