Sibanye-Stillwater has become one of the world’s leading sources of platinum group metals (PGM) by successfully taking over number three producer Lonmin, sending both their share prices soaring.

On Tuesday, Sibanye’s share price shot up more than 10% to R12.43, its biggest one-day gain in more than seven months, while Lonmin rocketed nearly 12% to close at R12.07, its largest rise since February 13 2018.

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