Top Performing Platinum Stocks

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

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

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)

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

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

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

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

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 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

Com ReviewBest For:Trading IdeasVIEW S & CONS:securely through public

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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

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

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.