Best Performing Platinum Stocks in 2024 – Charts updated daily

The global push for green energy has also stimulated the growth of emerging technologies that make significant use of platinum group metals (PGMs). This has the potential to make platinum mining stocks a great long-term investment. For example, electric vehicles (EVs) require PGMs for their lithium-ion batteries.

Furthermore, another application of PGMs has recently emerged for a new type of vehicle known as a Hydrogen fuel cell vehicle. As society transitions to more sustainable energy sources, Green hydrogen The technologies promise to transform the energy industry, so platinum and other PGMs are expected to play an important role.

The best platinum stocks to invest in

Best Platinum Stocks

Check out the best platinum stocks below.

Anglo American Platinum (OTCPK:ANGPY)

Johannesburg, based in South Africa Anglo American Platinum It is the world’s leading producer of PGMs and accounts for 38% of the world’s total platinum production. Anglo American is a transnational company with offices in North and South America, China, South Africa and Europe. The company provides full resource-to-market services, including mining and recycling, to its global network of clients. In addition to platinum, the company also produces rhodium, iridium, palladium, ruthenium and osmium. Anglo American is also the world’s leading recycler and processor of used and spent catalytic converter materials.

Impala Platinum Holdings (OTCQX:IMPUF)

Founded in 1966 and headquartered in South Africa, Impala Platinum Holdings Or Implats is a holding company with interests in several mining companies that produce platinum, palladium and other PGMs, as well as copper, cobalt and nickel. The holding company’s most important asset is the Impala mine in the North West Province of South Africa. Other interests include the Mimosa and Zimplats mines in Zimbabwe, and the Marula and Two Rivers mines in the Bushveld Ignius complex in South Africa. The company acquired Canadian Palladium North America and its Ontario mine to form Impala Canada.

Stillwater Syndicate (NYSE:SBSW)

Founded in 2013, We are STILLWATER LIMITED It is a global precious metals mining company headquartered in Weltevreden Park, South Africa, with operations in South Africa and North and South America. The mining company’s diversified holdings include gold and PGM mines in Canada, Argentina and Zimbabwe. Sibanye-Stillwater’s U.S. assets include the Stillwater and East Boulder mining operations in Montana, which are the largest PGM mining operations in the United States. As of December 2020, its U.S. PGM mining operations had 26.9 million ounces of proven and probable PGM mineral reserves and 86.9 million ounces of mineral resources.

Vale (NYSE: VALE)

Founded in 1942 as the Brazilian state-owned Companhia Vale do Rio Dolce, Vale sa. It became a private company and eventually one of the largest mining companies in the world. Vale, based in Rio de Janeiro, operates in about 30 countries and is the world’s largest producer of iron ore, pellets and nickel. In addition to mining operations, Vale provides infrastructure development services that include the construction of ports, railways, terminals, steel manufacturing and energy facilities. As the world’s second largest nickel producer, Vale is able to mine platinum as a byproduct of its extensive nickel mining operations. The company currently produces approximately 134,000 ounces of platinum annually.

Platinum Metals (AMEX:PLG)

Platinum Group Metals Ltd., headquartered in Vancouver, Canada, was founded in 2000. The company explores and develops platinum and palladium properties. In addition to its Canadian mining interests, Platinum Metals Group also develops mining properties in South Africa, including the Waterberg Project on the northern edge of the Western Bushveld Complex. Platinum Group Metals is also developing next-generation battery technology that uses platinum and palladium. At current prices, PLG shares qualify as Benzinga’s best stocks Stocks are under $5 and Stocks are under $10 Lists.

Overview: Platinum Stocks

Platinum is a malleable, malleable metal with a silvery-white appearance. It has the symbol Pt and atomic number 78. The precious metal is considered one of the least reactive metals and has a high resistance to corrosion even at high temperatures. This qualifies platinum as a “noble metal.”

Genuine platinum was first used by pre-Columbian South American civilizations to make artifacts, and native platinum can be obtained from alluvial river sand. The mineral was referred to as early as the 16th century, but was not investigated until the publication of Antonio de Ulloa’s report in 1748.

South Africa produces approximately 80% of the world’s platinum, which totals a few hundred metric tons globally each year, making the metal a relatively rare commodity. In addition to its main use in autocatalytic transformers, platinum has a number of other uses including electrodes, electrical contacts, dental equipment, jewelry, and platinum resistance thermometers.

The spot price of platinum has fluctuated between $800, where it traded in June 2020, to a high of $1,310 in February 2021. The current spot price for the metal is $1,067.77. Platinum and other precious metals are classified as precious metals alongside gold and silver, with their industrial uses increasing with the emergence of innovation and new technologies.

Despite the economic slowdown during the COVID-19 lockdowns, platinum miners and their inventories have rebounded significantly, with production now approaching normal levels. Since many investors consider diversification into precious metals a wise strategy, buying platinum stocks may make sense, especially if you believe the value of platinum will rise.

Best Online Brokers for Platinum Stocks

Most brokers will allow you to buy American Depositary Receipts (ADRs), but if you intend to buy over-the-counter (OTC) stocks, make sure your broker offers access to this market, and ask what commissions they charge for this type of trade. Check out the broker comparison table below.

Features to look for in platinum stocks

Knowing what to look for in platinum stocks can help you align your stock choices with your investment goals. Here’s what to look for in platinum stocks.

Miner type

Due to platinum’s scarcity, most pure platinum mining stocks consist of small cap companies that can pose significant risks to investors. Therefore, some investors prefer to choose major mining companies that obtain most of their profits from mining other minerals. They may also choose to invest in automobile or jewelry manufacturers that use large amounts of platinum in the production of their goods.

The basics

The underlying fundamentals of any publicly traded company tend to influence whether its stock will rise in the future. Take into account a company’s current profitability, its debt level, the future prospects of its products, its management, and other key considerations when choosing a stock to invest in. Earnings per share And other fundamental metrics can serve as useful indicators when determining whether a stock price is likely to rise or fall in the future.

Partnerships

While smaller reserves of platinum can be found in the United States and Canada, Russia and South Africa account for approximately 90% of global production. Most miners outside these two major producing countries need to partner with or lease mines from local companies. 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 precision precision munitions is likely to increase in the future. This may make investing in platinum miners an excellent opportunity for investors looking to capitalize on this technological trend, while companies that use platinum to manufacture their products could have significant exposure to the rising price of the metal.

The mining stocks reviewed above also represent relatively “pure” platinum plays, meaning the companies directly benefit from platinum mining, exploration, and production operations. Of our platinum stock picks, only PLG isn’t eligible for Benzinga stock Stocks are under $20 category, all of which represent strong investments in the platinum industry.

Most automakers rely heavily on platinum in the catalytic converters used in gas-powered vehicles. Automakers also hold most of the patents for hydrogen fuel cells that will likely power new technologies in the industry. Jewelry makers are also highly exposed to the price of platinum. Companies whose profits could be hurt by rising platinum prices include automakers like General Motors (NYSE: GM) and Toyota (NYSE: TM) or jewelry makers like Tiffany’s (NYSE: TIF).

Frequently asked questions