Platinum Group Metals LTD. (PLG)
Platinum Group Metals Ltd. (PLG) is a Canadian mining company focused on the exploration and development of platinum, palladium, and rhodium deposits. The company primarily operates the Waterberg project in South Africa, which is considered one of the largest undeveloped platinum-group metal deposits globally. Platinum Group Metals is involved in advancing its mineral assets and aims to contribute to the supply of crucial metals used in automotive catalytic converters and other industrial applications.
Company News
Beam Global and Platinum Group LLC signed a joint venture agreement to create Beam Middle East LLC, a new entity focused on selling and manufacturing sustainable infrastructure solutions for transportation electrification and energy storage in the Middle East and African regions.
Palladium positioning is at extreme short levels not seen in the past decade. See why our preferred option is to invest directly in the metal by buying PPLT or SPPP.
Russia's invasion of Ukraine and resulting sanctions on Russia are putting pressure on several sectors including commodities. Two precious metals that could be affected by the global crisis are palladium and platinum. What Happened: The U.S. and other countries are imposing sanctions on Russia, which could impact exports out of the country across...
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Palladium futures touched their highest levels on record Tuesday, as strength in U.S. vehicles sales bode well for the metal used in catalytic converters, which reduce emissions from gasoline-powered engines.