Market analysis reveals The global push for green energy has also spurred the growth of emerging nologies that make considerable use of platinum group metals (PGMs).
This has the potential to make platinum mining stocks a great long-term investment. Furthermore, For example, electric vehicles (EVs) require PGMs for their lithium-ion batteries.
Moreover, Furthermore, another application for PGMs has recently emerged for a new type of automobile known as a hydrogen fuel cell vehicle.
As society transitions to more sustainable energy sources, green hydrogen nologies mise to transform the energy industry, so platinum and the other PGMs are expected to play an important role.
Best Platinum Stocks to Invest in TickerCompany±%PriceInvestSBSWSibanye Stillwater8. Additionally, 56Buy stockIMPUFImpala Platinum Holdings0%$9. 61Buy stockPLGPlatinum Gr Metals0%$1.
86Buy stockANGPYValterra Platinum0%$8, in this volatile climate. 06Buy stockVALEVale0.
85Buy stockStart Your Free 14-Day Benzinga TrialTable of ContentsBest Platinum Stocks to Invest inBest Platinum StocksOverview: Platinum StocksSee All 7 ItemsBest Platinum StocksCheck out the best platinum stocks below, given the current landscape.
Anglo American Platinum (OTCPK:ANGPY)TickerCompany±%PriceInvestANGPYValterra Platinum0%$8, in today's financial world.
However, 06Buy stockStart Your Free 14-Day Benzinga TrialJohannesburg, South Africa-based Anglo American Platinum is the world’s leader in the duction of PGMs and accounts for 38% of the world’s total platinum duction.
Anglo American is a transnational company with offices in North and South America, China, South Africa and Europe.
Nevertheless, The company vides complete resource-to-market services, including mining and recycling to its global network of clients.
In addition to platinum, the company also duces rhodium, iridium, palladium, ruthenium and osmium.
Anglo American is also the world’s primary recycler and cessor of used and spent catalytic converter materials.
Impala Platinum Holdings (OTCQX:IMPUF)TickerCompany±%PriceInvestIMPUFImpala Platinum Holdings0%$9.
61Buy stockStart Your Free 14-Day Benzinga TrialFounded in 1966 and based in South Africa, Impala Platinum Holdings or Implats is a holding company with interests in several mining companies that duce platinum, palladium and other PGMs, as well as copper, cobalt and nickel (this bears monitoring).
Furthermore, Additionally, The holding company’s most important asset is the Impala mine in South Africa’s North West vince.
Other interests include the Mimosa and Zimplats mines in Zimbabwe, and the Marula and Two Rivers mines in the South African Bushveld Igneous Complex, amid market uncertainty.
The company acquired the Canadian North American Palladium company and its mine in Ontario to form Impala Canada (an important development).
Moreover, In contrast, Sibanye Stillwater (NYSE:SBSW)TickerCompany±%PriceInvestSBSWSibanye Stillwater8.
56Buy stockStart Your Free 14-Day Benzinga TrialFounded in 2013, Sibanye-Stillwater Limited is a global precious metals mining company based in Weltevreden Park, South Africa with operations in Southern Africa and North and South America (noteworthy indeed).
At the same time, The miner’s diverse holdings include gold and PGM mines in Canada, Argentina and Zimbabwe. However, Sibanye-Stillwater’s U, in this volatile climate.
Assets include the Stillwater and East Boulder mining operations in Montana, which are the largest PGM mining operations in the United States, given current economic conditions.
As of December 2020, its PGM mining operations in the U, in today's market environment. 9 million ounces of ven and bable PGM mineral reserves and 86, in this volatile climate.
At the same time, 9 million ounces of mineral resources. Meanwhile, Vale (NYSE:VALE)TickerCompany±%PriceInvestVALEVale0.
85Buy stockStart Your Free 14-Day Benzinga TrialFounded in 1942 as the Brazilian state-owned Companhia Vale do Rio Dolce, Vale S (an important development).
Additionally, Moreover, Became a private company and eventually one of the largest mining companies in the world.
Rio de Janeiro-based Vale operates in apximately 30 countries and is the world’s largest ducer of iron ore, pellets and nickel (which is quite significant), in today's market environment.
Nevertheless, In addition to its mining operations, Vale vides infrastructure development services that include constructing ports, railways, terminals and steel and energy manufacturing facilities, in today's financial world.
As the world’s 2nd largest nickel ducer, Vale can extract platinum as a byduct of its extensive nickel mining operations, in today's market environment.
The company currently duces apximately 134,000 ounces of platinum annually. On the other hand, Platinum Gr Metals (AMEX:PLG)TickerCompany±%PriceInvestPLGPlatinum Gr Metals0%$1.
86Buy stockStart Your Free 14-Day Benzinga TrialBased in Vancouver, Canada, Platinum Group Metals Ltd (something worth watching). Was founded in 2000.
Conversely, The company explores and develops platinum and palladium perties.
On the other hand, In addition to its Canadian mining interests, Platinum Group Metals also develops South African mining perties, including the Waterberg ject on the Northern Limb of the Western Bushveld complex, amid market uncertainty.
Platinum Group Metals also develops next-generation battery nology that uses platinum and palladium.
At current prices, PLG stock qualifies for Benzinga’s best stocks under $5 and stocks under $10 lists.
Moreover, Overview: Platinum StocksPlatinum is a ductile, malleable metal with a silvery-white appearance. Meanwhile, It has the symbol Pt and the atomic number 78.
The precious metal is among the least reactive metals and has high resistance to corrosion even at elevated temperatures (quite telling). This qualifies platinum as a “noble metal.
” First used by pre-Columbian South American civilizations for making artifacts, native platinum can be sourced in the alluvial sands of rivers.
The metal was referenced as early as the 16th century, but it was not investigated until a report was published by Antonio de Ulloa in 1748.
South Africa duces apximately 80% of the world’s platinum, which totals just a few hundred metric tons globally every year, thereby making the metal a relatively rare commodity.
However, In addition to its major use in autocatalytic converters, platinum has a number of other uses including, electrodes and electrical s, dentistry equipment, jewelry and platinum resistance thermometers.
Platinum’s spot price has fluctuated between $800, where it traded in June 2020, to a high of $1,310 in February 2021. In contrast, The metal’s current spot price is $1,067.
Platinum and other PGMs rank among the precious metals alongside gold and silver, with their industrial uses increasing as innovation and new nologies emerge.
Despite the economic slowdown during the COVID-19 pandemic shutdowns, platinum miners and their stocks have recovered significantly, with duction now apaching normal levels.
Since many investors consider diversifying into precious metals a prudent strategy, buying platinum stocks could make sense, especially if you think platinum will rise in value.
Best Online Brokers for Platinum StocksMost brokers will let you purchase American Depository Receipts (ADRs), but if you intend to purchase over-the-counter (OTC) stocks, make sure your broker vides access to that market, and ask what commissions they charge for that type of trade.
Check out a broker comparison table below.
Claim Exclusive OffersInteractive Brokers ReviewBest For:Active and Global TradersVIEW S & CONS:Securely through Interactive Brokers’ websiteGet Started with Interactive BrokersPlus500 ReviewBest For:Leveraged TradingVIEW S & CONS:securely through Plus500 Yield's websiteGet Started with Plus500public.
Com ReviewBest For:Trading IdeasVIEW S & CONS:securely through public. Com's websiteGet Started with public.
ComRobinhood ReviewBest For:BeginnersVIEW S & CONS:securely through Robinhood's websiteGet Started with RobinhoodTradeZero ReviewBest For:Active Short Sellers With Modest CapitalVIEW S & CONS:securely through TradeZero's websiteGet Started with TradeZeroFeatures to Look for in a Platinum StockKnowing what to look for in platinum stocks can help you align your stock picks with your goals (this bears monitoring).
Here is what to look for in platinum stocks.
On the other hand, Type of Miner Because of platinum’s rarity, most pure-play platinum mining stocks consist of small microcap companies that can pose significant risks for investors.
On the other hand, Some investors, therefore, prefer to select major miners that obtain most of their fits from mining other metals.
At the same time, They might also choose to invest in automotive or jewelry manufacturing companies that use large amounts of platinum in ducing their respective goods, amid market uncertainty.
Fundamentals The underlying fundamentals of any publicly traded company tend to influence whether its stock will appreciate in the future.
Take into account a company’s current fitability, its level of debt, future spects for its ducts, its management and other fundamental considerations when selecting a stock to invest in.
The stock’s earnings per and other fundamental metrics can serve as useful indicators when determining if a stock’s price is ly to rise or fall in the future.
Partnerships While smaller platinum reserves can be found in the U. And Canada, Russia and South Africa account for roughly 90% of world duction (which is quite significant).
Most miners situated outside of those two key ducing countries need to partner with or lease mines from local companies (remarkable data), considering recent developments.
Moreover, Platinum mining can be affected by geopolitical events and natural disasters that occur where platinum deposits are located. Are Platinum Stocks Good Investments.
With the global move toward greener and more sustainable energy and transportation options, the use of platinum and other PGMs will ly increase in the future.
Nevertheless, This could make in platinum miners an excellent opportunity for investors looking to fit from this nological trend, while companies that use platinum in manufacturing their ducts can have a notable exposure to a rise in the metal’s price, in light of current trends.
Furthermore, The stocks of the mining companies reviewed above also represent relatively “pure” platinum plays, which means that the firms directly benefit from platinum mining operations, exploration and duction.
Among our platinum stock selections, only PLG does not qualify for Benzinga’s stocks under $20 category, and they all represent solid investments in the platinum industry (an important development).
Most automakers rely heavily on platinum for the catalytic converters used in gas-powered vehicles (fascinating analysis).
Automakers also own most of the patents for hydrogen fuel cells that will bably power new nologies in the industry (an important development), in light of current trends.
Jewelry makers also have a considerable exposure to the price of platinum.
Companies that could have their fits hurt by higher platinum prices include automakers General Motors (NYSE: GM) and Toyota (NYSE: TM) or jewelry makers Tiffany’s (NYSE: TIF).
Frequently Asked QuestionsQWhat are platinum stocks. APlatinum stocks are s in companies that mine platinum. QAre platinum stocks good investments (quite telling).
On the other hand, APlatinum stock is considered a good investment because platinum is required to manufacture electric vehicles.
Additionally, QWhat are the best platinum stocks, in today's financial world. ACheck out Benzinga’s list above of the best platinum stocks, considering recent developments.
Jay and Julie HawkJay and Julie Hawk are a married financial writing and hip team who co-founded TheFXperts, a notable financial writing services vider.
The Hawks each worked fessionally in the financial and have more than 40 years of trading experience among them.
Together, they write books, trade forex online for their own account and others, mentor traders, and have worked actively as fessional freelance writers specializing in financial topics for over 15 years, in today's market environment.