Sibanye-Stillwater CEO Richard Stewart is calling for the European Union to implement price security regulations for critical minerals. The company advocates for a lithium price floor mechanism to mirror existing U.S. policy.
This measure would protect the company's investment in the Keliber lithium mine in Finland. The Keliber project is positioned to become a primary supplier for Europe’s electric vehicle battery sector.
Stewart stated the EU must support domestic producers to prevent financial exposure following major capital commitments. European mining firms are reaching a consensus on the necessity of these price protections.
The G7 recently agreed to counter China’s dominance in the critical minerals supply chain. This geopolitical shift could expedite the EU’s legislative process for mineral policies.