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Fri, May. 16, 10:57 AM
- Stillwater Mining (SWC +2.3%) says it agreed to a five-year contract for platinum group metal refining and sales with Johnson Matthey (JMPLY).
- The catalytic converter manufacturer will purchase all of SWC's mined palladium and a significant share of mined platinum, with SWC utilizing Johnson Matthey's refining services for all mined production and recycling material.
- SWC says the deal secures favorable long-term pricing for its mined metal and competitive refining terms with an excellent partner to help grow its recycling business.
JMPLY vs. ETF Alternatives
Johnson Matthey is a speciality chemicals company focused on its core skills in catalysts, precious metals and speciality chemicals.The group's principal activities are the manufacture of autocatalysts and pollution control systems, catalysts and components for fuel cells, pharmaceutical... More
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