Platinum Group Metals Look Set for a Bullish Trend, Experts Say
Platinum group metals like rhodium, palladium and platinum have for long not been as news-catching as investment vehicles when compared to other metals like gold and copper. However, experts working with Goehring and Rozencwajg, a South African investment firm specializing in natural resources, say PGMs are on the cusp of a bullish trend. It is noteworthy that South Africa is the leading producer of PGMs globally and the country hosts approximately 90% of the global reserves of these metals. The country supplies approximately 81% of the new rhodium used globally, 73% of platinum and 38% of palladium. The experts say…