What is platinum? Platinum is often referred to as the noble metal. Platinum is the most popular of
six metals collectively known as the platinum group metals (PGMs). Platinum is the rarest of the precious metals. 90% of global supplies come from South Africa and Russia. In contrast
with gold and silver, there are no large above-ground platinum stockpiles to fill the gap against significant supply disruptions.
How is platinum
used? Platinum is used in a wide range of applications. Platinum’s
main use is as a catalyst in devices that remove automotive pollutants. It is also used as a catalyst in the refining
of crude oil into its constituent products. Platinum is also popularly used in jewelry.
Whether you are a speculator or a hedger this section on the platinum
market contains a wealth of valuable information. You can read about the history of the platinum market, the
fundamentals that make it move, and the futures and options specifications. You can also view quotes, charts, current margin
requirements, and news that is affecting the platinum market. However, if you are new to the commodities markets
you should consult with a licensed broker before starting to trade.
Click here to contact a commodities broker with experience in the platinum market.