10 Companies Reflect Market Decline

2. Sibanye Stillwater Ltd. (NYSE:SBSW)

Shares of Sibanye Stillwater (SBSW) declined by 6.08 percent on Thursday to end at $3.4 apiece as investor sentiment was weighed down by growing tax uncertainties on all imported goods to the US, especially as president-elect Donald Trump already signaled to slap taxes on imports from all countries.

Sibanye Stillwater, a multinational mining company with operations across five continents—North America, South America, Europe, Africa, and Australia—stands to be hurt by any potential tariff impositions that could dampen demand and affect its profitability and market competitiveness.

In other news, Sibanye recently announced laying off 700 employees at its Montana mining as part of a restructuring, due in part to a dive in palladium prices and the loss of over $350 million in Montana in 2023. The recent job cut followed the first 100 layoffs in November.

The company is the largest employer in Stillwater County, employing people from across south-central and southeastern Montana.