T.I.A. for Your P.G.M.'s

Platinum group metals (PGMs) refer to a group of six chemically similar, precious metallic elements: platinum, palladium, rhodium, ruthenium, osmium, and iridium. The PGMs encompass the "other" precious metals, frequently overlooked beyond gold and silver.

Thus, a firm like Johannesburg, South Africa-based Sibanye-Stillwater (SBSW, below on the quarterly chart) becomes noteworthy, as they are known for being the world's largest primary producers of platinum, palladium, and rhodium. Sibanye produces other PGMs such as iridium and ruthenium, along with chrome, copper and nickel as by-products. And, of course, plenty of gold, too.

Yesterday we looked at the monstrous semiconductor quarterly candle for this Q2 2025. Today, we will do the same for SBSW.

However, the critical difference is that this behemoth is occurring after a steep prior downtrend, whereas the SOX candle is, of course, occurring after an epic multi-decade uptrend. Location matters, indeed. And if you look at the SBSW daily chart you can see the improvement resulting in this green, high buy volume quarterly candle, below. 

As preciously noted, the "other" precious metals are laughably under-owned, under-appreciated, under-discussed. Heck, they are basically obscure and will remain so from Main Street, let alone most of Wall Street, for the foreseeable future even with this rally. 

Thus, the SBSW reversal has a large runway ahead to catapult higher, with mounting evidence that process has already begun. Sibanye has the makings of a future bull market leader in commodities, even with geopolitical risk in South Africa (they are not guarding their miners with peashooters, I can assure you, however).