Investing in Platinum in Canada
Canada is taking steps to consolidate its status as a global mining leader and ensure that the mineral and metals industries continue contributing to Canadians “prosperity. For example, nickel Creek Platinum Corp. is a Canadian mining exploration and development company focused on developing its Nickel Shaw project, which will be 100% owned by Canada’s first world-class nickel sulphur mine.
Platinum is a dense, malleable, ductile, non-reactive, noble, silvery-white transition metal. It is one of the rarer elements in the earth’s crust, with an average frequency of 5 mg/kg. The name platinum is derived from the Spanish word Platino which means “little silver,” and is a member of the platinum group of elements, a group of 10 periodic table elements.
Platinum is a valuable industrial metal used to manufacture products such as cars, jewelry and electronics. Therefore, platinum is regarded by many investors as an important precious metal and is often mentioned alongside gold and silver. To deal with platinum, investors can buy platinum bullion, coins, platinum futures contracts and shares from platinum mining companies.
Platinum ETFs are invested in futures contracts that track the metal’s price rather than keeping the metal in physical form. The share price of mining companies in the platinum group (PGM) tends to follow the underlying prices of platinum, palladium and rhodium. Platinum ETFs aim to track the price of platinum metal by holding platinum futures contracts, not by holding shares in platinum mining companies.
PLG does not fall under the Gasoline Gas Stock 20 category in our platinum stock selection, but the mining companies surveyed represent solid investments in the platinum industry. In addition, the shares of these companies represent pure platinum games, which means that they benefit from platinum mining through exploration and production. Platinum is a rarity, and pure platinum mining stocks consist of small and micro-cap companies that pose a significant risk to investors.
Since the precious metals market is volatile, investments in physical precious metals may not be suitable for most investors. Fluctuations in the gold and precious metal price can affect the profitability of companies in the gold / precious metals sector. You cannot purchase precious metals through Fidelity pension plans, and Keogh restricts certain types of investments in Fidelity IRAs.
Fidelitrade Incorporated is an independent company headquartered in Delaware that provides the sale and support of precious metals, including the purchase, sale, supply, storage and custody of services to individuals and businesses. The information provided here is for informational purposes only and not for commercial purposes or advice. Data provided here for informational purposes only and not intended for commercial purposes.
This includes exchanging information with other companies and organizations to protect against fraud and reduce credit risk. TSI Networks is specifically designed to transfer information to and from countries (including the United States) and other countries that do not offer the same level of privacy protection as Canada. TSI Network may disclose the personal information you provide on its Web site for the purposes set forth above to persons or companies that it may retain for the performance of other activities in which you have registered or that you have been invited to participate.
We require any person or company to which it discloses personal data to limit its use of personal data for the purposes for which it was made available to us to protect the information and not disclose it to others.
Please inform yourself about the risks and costs associated with trading on the financial markets, as trading is one of the riskiest investments of all. The views expressed about a specific company, security, industry, market or sector should not be interpreted as investment advice or a recommendation to buy or sell. Nor should they be seen as an indication of the trading intentions of an investment fund managed by Sprott Asset Management, L.P.
Platinum Group Metals produces silver from the Cosala plant in Mexico and the Galena mine complex in Idaho. Canada and Australia have large mining sectors in which large mining companies and the mining services industry maintain a significant global presence. The Toronto Stock Exchange (TSX) and TSX Venture Exchange are home to more than 50 of the world’s largest publicly traded mining companies, and more than $18.9 billion worth of mining stocks were traded in 2016 on both exchanges.
Platinum Group Metals differs somewhat from its peers in that it focuses on exploration and mining, but it is also a diversified mining company. The company did its best to post news to explain the rise in its share price on February 12, when it entered into a $29 million subordinated credit facility.
There are 31 non-ferrous smelters and refineries in Newfoundland and Labrador, New Brunswick, Quebec, Ontario, Manitoba, Alberta and British Columbia that process various products, including nickel, copper, aluminum, gold, silver, cobalt, lead, bismuth, platinum group metals and others. In contrast to mineral exploration, her work focuses on traditional mineral metals such as gold, copper and nickel. Investors can also invest in automotive and jewelry manufacturers that use large quantities of platinum to produce their respective goods.
This increase invests in platinum miners, an excellent opportunity for investors seeking to benefit from technological trends. Companies that use platinum to manufacture their products are also exposed to significantly rising metal prices. PLTM aims to provide a cost-effective way to invest in platinum by tracking the platinum price on the spot market without funds expenses.
The MAC’s commitment to responsible mining was established in 2004 to permit mining companies to satisfy societal needs for minerals and energy products socially responsible.