FTSE 100 Live: UK Stocks Hit Record High on Boost From Miners
Rio Tinto, Glencore and Anglo American are all up by more than 3% apiece, and gold miners Endeavour and Fresnillo are gaining too.
Iron ore, copper and gold prices are all up.
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Yahoo
23 minutes ago
- Yahoo
Sibanye Stillwater Limited (SBSW): A Bull Case Theory
We came across a bullish thesis on Sibanye Stillwater Limited on by walter99. In this article, we will summarize the bulls' thesis on SBSW. Sibanye Stillwater Limited's share was trading at $9.24 as of July 25th. SBSW's trailing and forward P/E were 4.67 and 10.94, respectively according to Yahoo Finance. A mine entrance, showcasing the precious metals and minerals that this company produces. Sibanye-Stillwater (SBSW), a major producer of platinum group metals (PGMs)—platinum, palladium, and rhodium—offers a leveraged play on a sector where years of underinvestment and misjudged demand forecasts have created the setup for an extended upcycle. PGMs are essential for automotive catalysts and jewelry, with catalytic converters alone accounting for 43% of platinum and 84% of palladium demand. Market pessimism has been fueled by overestimates of battery electric vehicle (BEV) penetration, but BEV sales growth in the U.S. and Europe flatlined in 2024, suggesting that internal combustion engine and hybrid vehicle demand—and thus PGM demand—will remain resilient. Supply is structurally constrained: South African PGM miners underspent by ~$18 billion over the last decade, 40% of global supply operates at or below cash costs, and production is forecast to decline through 2029. With long lead times for new supply, a persistent deficit projected by the World Platinum Investment Council, and palladium in deficit until at least 2028, any uptick in demand can drive a sharp price response. Recycling, a secondary supply source, remains depressed post-COVID, adding to market tightness. SBSW's profits, crushed by low PGM prices in 2024, have substantial torque to higher prices, as shown in 2020–2021 when the stock hit $20 on elevated metal prices. Today, at $7, platinum's rebound to $1,250 suggests early signs of a cyclical turn. Risks include economic weakness, faster BEV adoption, and rising recycling supply, but with constrained production, a decade of underinvestment, and platinum already rallying, SBSW presents asymmetric upside if PGM prices sustain an upcycle. Previously, we covered a on Sibanye Stillwater Limited (SBSW) by Hugo Navarro in February 2025, highlighting its diversified asset base in PGMs, gold, lithium, and recycling, with growth levers despite weak PGM prices. The stock has appreciated by about 130% as PGM prices rebounded. The thesis still stands, and Walter99 shares a similar view but emphasizes SBSW's leverage to a sustained PGM upcycle. Sibanye Stillwater Limited is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held SBSW at the end of the first quarter which was 18 in the previous quarter. While we acknowledge the potential of SBSW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23 minutes ago
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Global M&A hits $2.6 trillion peak year-to-date, boosted by AI and quest for growth
By Emma-Victoria Farr and Amy-Jo Crowley LONDON (Reuters) - Global dealmaking has reached $2.6 trillion, the highest for the first seven months of the year since the 2021 pandemic-era peak, as a quest for growth in corporate boardrooms and the impact of a surge in AI activity has overcome the uncertainty caused by U.S. tariffs. The number of transactions to August 1 is 16% lower than the same time last year, but their value is 28% higher, according to Dealogic data, boosted by U.S. megadeals valued at more than $10 billion. They include Union Pacific Corp's proposed $85 billion acquisition of small rival Norfolk Southern and OpenAI's $40 billion funding round led by Softbank Group. The upsurge will be a relief to bankers who began the year with expectations the administration of U.S. President Donald Trump would lead to a wave of consolidation. Instead, his trade tariffs and geopolitical uncertainty made companies pause until renewed confidence in corporate boardrooms and the U.S. administration's anti-trust agenda changed the mood. "What you're seeing in terms of deal rationale for transactions right now is that it's heavily growth-motivated, and it's increasing," Andre Veissid, EY Global Financial Services Strategy and Transactions Leader, told Reuters. "Whether it's artificial intelligence, the change in the regulatory environment, we see our clients not wanting to be left behind in that race and that's driving activity." Compared with August 2021, when investors, rebounding from pandemic lockdowns drove the value of deals to $3.57 trillion, this year's tally is nearly a $1 trillion, or 27%, lower. Still deal-makers at JPMorgan Chase JP Morgan Chase have said there is more to come, with companies pursuing bigger deals in the second half of the year as executives adapt to volatility. "People have got used to the prevailing uncertainty, or maybe the unpredictability post-U.S. election is just more predictable now," Simon Nicholls, co-head of Slaughter and May Corporate and M&A group, said. Nigel Wellings, Partner at Clifford Chance said the market was moving beyond tariffs. "Boardrooms are seeing the M&A opportunity of a more stable economic environment and positive regulatory signals. But it is not a frothy market." FROM HEALTH TO TECH While the healthcare sector drove M&A in the years after the pandemic, the computer and electronics industry has produced more takeover bids in the U.S. and the United Kingdom in the last two years, according to Dealogic. Artificial intelligence is expected to drive more dealmaking. M&A activity has increased around data centre usage, such as Samsung's $1.7 billion acquisition of Germany's FlaktGroup, a data centre cooling specialist. Palo Alto Networks $25 billion deal for Israeli cybersecurity peer CyberArk was the largest deal in Europe, Middle East and Africa so far this year as rising AI-driven threats push companies to adopt stronger defences. Private equity, which had been sitting on the sidelines, has once again been active, with Sycamore Partners' $10 billion deal to take private Walgreens Boots Alliance and a sweetened $6.4 billion offer from Advent for UK scientific instrument maker Spectris. The U.S. was the biggest market for M&A, accounting for more than half of the global activity. Asia Pacific's dealmaking doubled over the same year to date period last year, outpacing the EMEA region. Sign in to access your portfolio
Associated Press
26 minutes ago
- Associated Press
Brewery-Inspired Scalable CO2 Liquefaction Solves Missing Link for Carbon Capture Startups
From Craft Beer to Climate Solutions: Kim Dalum's Scalable Brewery-Inspired CO2 Liquefaction Solves Missing Link for Carbon Capture Startups. 'It's been a rewarding experience working with some of the brightest pioneers and innovators in the carbon capture industry to help them solve this ongoing challenge of processing and liquefying CO2.'— Kim Dalum SøNDERSø, DENMARK, August 4, 2025 / / -- The fight against climate change demands innovative solutions, and sometimes, the most impactful advancements emerge from unexpected places. DALUM Beverage Equipment, a Danish startup initially focused on CO2 recovery within the craft brewing industry and is now proving to be a critical enabler for broader carbon capture and direct air capture (DAC) initiatives, thanks to its pioneering and cost-effective CO2 liquefaction technology. Founded by veteran engineer Kim Dalum, a recognized expert in CO2 processing, DALUM Beverage Equipment developed a patented solution allowing craft breweries and distilleries to recover, purify, and liquefy CO2 produced during fermentation for reuse or sale. This process is a significant 'low-hanging fruit' for carbon avoidance, given that fermentation CO2 boasts over 97% purity, a stark contrast to the mere ~12% purity typically found in industrial flue gases. The potential impact within the beverage sector alone is substantial. With 22 million barrels of craft beer produced globally each year, there's a potential to recover 80,000 metric tons of CO2 annually, at an estimated cost of just €70 per ton. A prime example of this success is Stewart Brewing in Scotland, which not only reuses its recovered CO2 but also sells the excess, turning a waste product into a valuable revenue stream. Beyond breweries, distilleries represent another largely untapped source of biogenic CO2. While distilleries don't typically use CO2 in their processes, captured CO2 could be sold, sequestered in building materials, or even used for dry ice – all applications that directly displace CO2 sourced from industrial, fossil fuel-intensive processes. However, DALUM's journey has taken an unexpected turn, revealing a critical need in the wider carbon capture landscape. Over the past two years, numerous carbon capture and DAC startups have approached DALUM, seeking solutions for the final, crucial stage of their process: CO2 liquefaction. Many of these nascent companies, while excelling in front-end capture and enrichment technologies, struggle with finding cost-effective, turn-key solutions for liquefying CO2, especially pilot programs and smaller-scale commercial plants. Kim Dalum elaborates, 'It's been a rewarding experience working with some of the brightest pioneers and innovators in the carbon capture industry to help them solve this ongoing challenge of processing and liquefying CO2 – no single project is the same and very much experimental in nature.' This is where DALUM's specialized expertise shines. Kim Dalum's background as the former CEO of Union Engineering (now owned by Pentair), a leading manufacturer of industrial CO2 recovery plants, provides an unparalleled foundation in gas processing. DALUM has leveraged this experience to design custom liquefaction solutions capable of purifying CO2 with purity as low as 70% coming from flue gas at a project with the environmental technology company ESTECH in Denmark at the municipality of Odense. Another project Kim Dalum personally was involved in, is in Germany, an innovative DAC project led by DACMA and Karlsruhe Institute of Technology (KIT). Crucially, DALUM's plants are designed for accessibility. Starting at €44,000, for their smallest size, a 5kg/hr unit, they arrive fully assembled and are remarkably compact – about the size of a phone booth. This makes them an attractive proposition for startups that need efficient, scalable, and readily deployable liquefaction capabilities without significant upfront infrastructure investment. To date, DALUM has sold ten plants to carbon capture and DAC customers ranging in capacities from 5kg per hour of CO2 to 30kg+ per hour, demonstrating the versatility of their technology, with some units customized for lower purity CO2 streams and others being standard models. By providing this essential 'last mile' solution, DALUM enables carbon capture and DAC startups to focus on their core capture technologies, accelerating the deployment of crucial climate solutions. DALUM Beverage Equipment's evolution from a niche beverage industry supplier to a pivotal player in the broader carbon capture ecosystem highlights the interconnectedness of sustainable practices across industries. Their innovative approach to CO2 liquefaction is not just optimizing brewing; it's helping to unlock the potential of a truly circular carbon economy. About Dalum Equipment DALUM Equipment based in Denmark and Wisconsin, USA was founded by Kim Dalum, PhD. Dalum's mission is to make a significant contribution to the reduction of global CO2 emissions in the craft brewing market and beyond. Kelly Fetherolf Dalum Beverage Equipment +1 818-391-7544 email us here Visit us on social media: LinkedIn Instagram Facebook YouTube Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. 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