Is platinum group metals a good investment?

Is platinum group metals a good investment?

The 2 analysts offering 12-month price forecasts for Platinum Group Metals Ltd have a median target of 3.39, with a high estimate of 3.88 and a low estimate of 2.89. The median estimate represents a +173.21% increase from the last price of 1.24.

Is gold part of the platinum group?

The six platinum-group metals are ruthenium, rhodium, palladium, osmium, iridium, and platinum.

What is PGM in mining?

The platinum group metals (PGMs) are six metallic elements that have similar physical and chemical properties and that tend to occur together in the same mineral deposits. They are: platinum. palladium. rhodium.

Will platinum go up?

The bank’s platinum price prediction is bullish for the long-term, rising from $1,100 an ounce at the end of March to $1,300 by the end of 2022 and $1,375 by the end of September 2023.

What are the 6 platinum group metals?

The catalytic properties of the six platinum group metals (PGM)– iridium, osmium, palladium, platinum, rhodium, and ruthenium – are outstanding. Platinum’s wear and tarnish resistance characteristics are well suited for making fine jewelry.

Which mines are in Rustenburg?

Rustenburg operation consists of Siphumelele mine (Siphumelele 1 shaft), Khuseleka mine (Khuseleka 1 shaft), Thembelani mine (Thembelani 1 shaft) and Bathopele mine, which is a shallow mechanised operation.

Where is platinum found in South Africa?

Platinum mines around the world MOGALAKWENA – The world’s largest open-pit platinum mine is located in Limpopo, South Africa.

Is it better to invest in gold or platinum?

Some investors may want to prioritize stability and long-term investing. In that case, gold is likely the better option. The precious metal has a longstanding history of reliable demand which often spikes during economic downturns. On the other hand, platinum usually performs better during times of economic growth.

What are the 5 platinum metals?

The platinum-group elements (PGE) include platinum, palladium, rhodium, ruthenium, iridium, and osmium. These metals have similar physical and chemical properties and occur together in nature.

What is platinum group metals?

The platinum group metals (PGMs) comprise 6 elements, which are platinum, palladium, rhodium, ruthenium, iridium, and osmium. These metals have high melting points, high heat resistance, high corrosion resistances, and unique catalytic properties.

How much is platinum per kg in South Africa?

ZAR 522,869.84
How Much Is 2kg Of Platinum In South Africa?

What is 1g of platinum worth?

AdvertisementPlatinum Price Per Ounce in US Dollar