
JSE drops 1.3% as Sibanye pushes European lithium plans
The JSE All Share fell 1.33% to 118412.24 on April 21, while the Top 40 dropped 1.47% to 110590.66. Sibanye-Stillwater led the sector narrative, with Reuters reporting on April 20 that the group is seeking EU concessions as it ramps up Keliber, which IOL described as Europe's first lithium mine. In platinum group metals, Mining Weekly reported on April 20 that Sibanye-Stillwater said prices remain underpinned by investment and speculation. On the regulatory side, Eswatini Positive News reported on April 21 that the JSE suspended an E500000 fine for a breach of listing requirements, while Mail & Guardian said on April 20 that JSE SME programme participant BoTong Civils posted 418% revenue growth.
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