Platinum is often excluded, ignored, or outright neglected. When investors think of precious metals their minds immediately run to gold and silver. Meaning that platinum, which is 30 times rarer than gold, receives less attention than it deserves.
Platinum is enjoying a quiet renaissance, thanks to its role in building the hydrogen economy. Able to withstand unfathomably hot temperatures without melting or reacting, platinum is crucial for the hydrogen economy, which is set to grow in importance in coming years.
How else is platinum used? Where does it come from? In this episode, I spoke with Trevor Raymond, head of research at the World Platinum Investment Council (WPIC), to learn more about this precious metal.
Platinum Drivers & Suppliers
Only a relatively small amount of platinum gets mined every year, Trevor notes. Almost all of it comes from a small region in South Africa.