

Sibanye-Stillwater vs Ternium
This page compares Sibanye-Stillwater and Ternium, highlighting how their business models, financial performance, and market context differ. The content aims to be neutral and accessible, detailing strategy, operations, and industry position for readers seeking fundamentals across mining and steel sectors. Educational content, not financial advice.
This page compares Sibanye-Stillwater and Ternium, highlighting how their business models, financial performance, and market context differ. The content aims to be neutral and accessible, detailing st...
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Explore BasketWhich Baskets Do They Appear In?
Russian Market Exposure: Commodity Risks & Alternatives
As global commodity markets shift, Nigerian investors may find new diversification opportunities in sectors historically influenced by Russia. This basket offers thematic exposure through major US and EU-listed multinational corporations operating in the global energy and materials sectors.
Published: September 9, 2025
Explore BasketGold & Silver
Will investing in these metal mining stocks make your portfolio sparkle? These carefully selected precious metal companies were chosen by our professional analysts for their potential to serve as a hedge against economic uncertainty. Discover how gold and silver miners could add stability and growth to your investments.
Published: May 4, 2025
Explore BasketInvestment Analysis
Pros
- Sibanye-Stillwater has diversified globally into platinum group metals, lithium, and nickel, reducing reliance on gold and benefiting from rising demand for battery and industrial metals.
- The company reported a 127% year-on-year increase in adjusted EBITDA in H1 2025, reflecting improved operational performance and cost discipline amid challenging commodity markets.
- Strategic repositioning, including capturing market share left by rivals exiting certain regions, positions Sibanye-Stillwater to capitalise on supply gaps in key commodities.
Considerations
- Sibanye-Stillwater recently reported a net loss and negative earnings per share, with a debt-to-equity ratio near 96%, indicating financial leverage and profitability challenges.
- The stock exhibits high volatility and has underperformed its moving averages recently, suggesting investor uncertainty and potential downside risk in the near term.
- Operations are concentrated in geopolitically sensitive regions, including South Africa, exposing the company to regulatory, labour, and social stability risks.

Ternium
TX
Pros
- Ternium operates in the Americas as one of the largest steel producers, with vertically integrated facilities providing cost advantages and steady regional demand.
- The company has a history of strong free cash flow generation, enabling consistent dividends and providing financial flexibility through industry cycles.
- Terniumβs geographic diversification across North and South America helps mitigate regional economic downturns and capitalise on growth in emerging markets.
Considerations
- Terniumβs profitability is highly cyclical and sensitive to global steel prices, which are influenced by volatile raw material costs and trade policies.
- Exposure to Latin American economies, particularly Argentina, introduces currency fluctuation risks and potential macroeconomic instability impacting earnings.
- Intense competition in the steel sector and potential overcapacity in global markets could pressure margins and limit pricing power.
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