Platinum Stocks & ETFs Canada

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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.

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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.

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