The metal is made into ring bands, holders for diamonds and gemstones, and is needed for bracelets, earrings and necklaces. Most of the platinum the company sources comes from mines in the United States and from recycling processes. Platinum Group Metals, based in Vancouver, Canada, was founded in The company explores and develops platinum and palladium deposits.
In addition to its Canadian mining interests, Platinum Group Metals is also developing South African mining properties, including the Waterberg project in the northern part of the Western Bushveld complex. Platinum Group Metals also develops next generation battery technologies that use platinum and palladium. February Trading ideas. View Larger Image. Note: This article is an advertising communication.
This information has been provided by CapTrader. In addition to the disclaimer below, the information material contained on this page does not contain a listing of trading prices, a recommendation or an investment strategy for any financial instrument or issuer, nor does it constitute an offer or solicitation of a transaction in any financial instrument or pursuant to any investment strategy. CapTrader assumes no responsibility for the use of these comments and the consequences thereof.
No representation or warranty is made as to the accuracy or completeness of this information. Consequently, the investor bears sole responsibility for the risk of individual investment decisions. The majority of the rest is divided between Russia and North America. The platinum market is open for trading from to GMT. The special properties of platinum launch this metal into high demand and into diverse industries. With that, these various industries can also have a reduction in the demand of this metal, leaving it exposed, to changes and vulnerable to drops and jumps within the market.
The platinum price saw large changes over the years, and there are a few factors that cause changes in its value:. It is not uncommon to compare the price of platinum to the gold trading price. When the financial markets are stable platinum is estimated to be worth about twice the price of gold.
However, when the price of gold goes up usually the price of platinum goes down. Often the 2 assets have an inverse relationship to each other — when one goes up the other goes down. As mentioned before, platinum is a very rare natural resource. As usual in commodities trading , its price is affected by the supply and demands; meaning the amount of platinum mined compared to the needs for it in the world.
Due to its uniqueness, most of it goes to specific industries. A change in one of them can create major shifts in the platinum value. For instance — as mentioned before, platinum is used in engines. If, as part of the global trend of green energies, companies will reduce the use of motored engines, the value of platinum can drop. Platinum is not traded for the real physical instrument, but for its contract for difference CFD.
Trading CFDs, as opposed to direct trading, has a few advantages:. This is a declining asset which other people are not interested in buying it. However, if he traded its CFD he can simply close his position at any given time. Another reason is as simple as the price. Platinum is expensive, and in order to purchase one unit the trader will have to pay a substantial sum.
Trading platinum CFD, however, the trader can employ leveraged trading with a multiplier of up to , and reduce the capital amount he would need. When it comes to a rare and special metal such as platinum, even if one would physically buy it he would need to transport it, maintain it, keep it safe etc. CFDs allows traders to trade on them without all these extra costs and hassle. Platinum is a unique metal to trade, and not suitable for any trader.
All those, combined with other features you should look for in a broker,like an easy to use trading platform , are crucial to be able to trade well. AvaTrade offers an array or instruments, platforms including Zulutrade , as well as Autochartist add-on, and top services, allowing you to excel in your trades.
Platinum is both rarer than gold, and has more uses than gold, but it often overlooked as a potential precious metal trade or investment. Rather than avoiding platinum, a trading strategy that focuses on platinum can help diversify your portfolio and give you more opportunities within the precious metals markets. Because of its heavy use within the automotive industry platinum can be used as a trade on the strength or weakness of that industry.
Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit.
Additionally, the content of this website is for information purposes only and it is not intended as a recommendation or advice. Any indication of past performance or simulated past performance included in advertisements published by Platinum FX is not a reliable indicator of future results. The customer carries the sole responsibility for all the businesses or investments that are carried out at Platinum FX.
For more information please refer to our Customer Agreements. The Meta Trader 5 mobile app allows trading on the financial markets via iOS and Android powered smartphones and tablets. Get It On Android. New To Forex? Join our expanding client base and many other traders that make up the global financial market.
About PlatinumFX An Established and Trusted Broker With over 7 years of experience and a remarkable legacy in the financial market, we are unarguably one of the most trusted and transparent brokers in the forex industry and other trading markets Payment Options. Commodities may be highly volatile, experiencing wild price swings. Trading platinum CFDs is one way to try and profit from drastic platinum price fluctuations. The metal's importance as an industrial material, its relatively low production, and concentration among a few suppliers can make its price volatile.
Trading platinum can result in a high degree of risk. The chance of making large profits goes hand in hand with the risk of large losses. One of the easiest and most popular ways to trade platinum is with CFDs. A contract for difference CFD is a type of contract between a trader and a broker in order to try and profit from the price difference between opening and closing the trade.
Investing in platinum CFDs saves you the inconvenience of paying for platinum storage. In addition, CFDs give you the opportunity to trade platinum in both directions. No matter whether you have a positive or negative view of the platinum price forecast and predictions, you can try to profit from either the upward or downward future price movement.
Moreover, trading platinum through CFDs is often commission-free, with brokers making a small profit from the spread — and traders trying to profit from the overall change in price. Advanced AI technology at its core: A Facebook-like news feed provides users with personalised and unique content depending on their preferences.
If a trader makes decisions based on biases, the innovative SmartFeed offers a range of materials to put him or her back on the right track. The neural network analyses in-app behaviour and recommends videos and articles to help polish your investment strategy. This will help you to refine your approach when you trade platinum. Trading on margin: Thanks to margin trading, Capital. You only speculate on the rise or fall of the platinum spot price. CFD trading is no different from traditional trading in terms of its associated strategies.
A CFD trader can go short or long, set stop and limit losses and apply trading scenarios that align with his or her objectives. All-round trading analysis: The browser-based platform allows traders to shape their own market analysis and make forecasts with sleek technical indicators. Focus on safety: Capital. Buying shares of mining and exploration companies is another popular, albeit indirect way of trading platinum.
In times when platinum is rising, investors in platinum stocks can profit. A list of some of the key players in the platinum market includes the following businesses:. Originally, the company was known as Bishopsgate Platinum. Lonmin A British producer of platinum group metals. The popular British newspaper the Observer once owned the business. Norilsk Nickel Russian nickel and palladium mining and smelting company.
Historically, platinum is subject to both investment and industrial demand, which significantly drives its price. In terms of global supply, South Africa accounts for a large percentage of platinum production and this production also has a strong impact on its price. Therefore, the major platinum price drivers are:. Volatile markets due to political unrest or labour strikes, may slow down the production. Therefore, the automotive industry has a significant impact on platinum commodity prices.
When the auto industry is in good health, platinum tends to performs better. The increasing popularity and demand for electric vehicles is something that could reduce the demand for platinum. Due to a relatively high price of platinum , auto manufacturers are looking for alternative technologies.
With the development of these technologies, platinum demand may decrease. To follow the most recent ups and downs of the platinum price , check out our live platinum price chart. According to some recent estimates, the annual mining of platinum totals over , kilograms. However, this number tends to decline, due to the cutbacks in platinum production, caused by the relatively low prices.
Meanwhile, the top 5 platinum mining countries include the following:. Mine Production in kilograms. Other 4 leaders include the following countries:. Amount of platinum in kilograms. Platinum is a multipurpose metal with a bunch of unique characteristics, which makes it popular among various industries. However, the list of major applications includes the following:. Since the s, when the air quality laws required catalytic converters on automobiles in order to reduce hazardous emissions, car-makers have been using platinum to produce them.
Its attractive shiny appearance and resistance to tarnishing makes it a popular metal for making rings, bracelets, necklaces and watches. They can buy platinum in the form of coins and bullions to diversify their portfolios and hedge them against possible losses from inflation.
Menu Search en. Log In Trade Now My account. Education Investmate. Market updates Webinars Economic calendar Capital. Learn to trade The basics of trading Glossary Courses. Popular markets guides Shares trading guide Commodities trading guide Forex trading guide Cryptocurrency trading guide Indices trading guide ETFs trading guide. Trading guides What is a margin?
UBS My Way. Create your personalized investment portfolio on your device in minutes. No Technical or Investment Experience Required. Beginners Are Making Money. Try It Now. K Users worldwide, K tradeable instruments, 19M orders executed in