Citigroup Initiates Coverage On Sibanye Stillwater with Buy Rating, Announces Price Target of $13.5

Global Iridium Supply Chain and Substitution Market to Reach $2.43 Billion by 2035 | Electrochemical Applications Held 44% of the Iridium Market in 2025, Driven by PEM Electrolyzer Demand

The global iridium supply chain and substitution market is projected to grow from $1.45 billion in 2025 to $2.43 billion by 2035 at a CAGR of 5.90%. Growth is driven by increasing PEM electrolyzer adoption, recycling investments, and catalyst optimization. The electrochemical application segment held 44% market share in 2025 and is expected to grow at 8.34% CAGR, while secondary supply (recycled iridium) is anticipated to expand at 9.27% CAGR through 2035.

Shares of precious metal-related companies are trading higher as gold prices continue to rise. The U.S. Treasury's recent expansion of its debt repurchase program weighed on yields and dollar strength.

Shares of precious-metals-related companies are trading higher alongside gains in gold and silver prices as Treasury yields and the U.S. dollar decline following the Treasury Department’s announcement that it would double the size of liquidity-support buyback operations for longer-dated bonds.