What South Africa Means To The Platinum Market
October 02, 2012 at 08:59 AM EDT
Platinum generally receives less attention from investors than other precious metals, but it is rarer than gold or silver . The metal’s physical characteristics have made it important for a wide variety of industrial applications. Its resistance to corrosion, for example, makes it ideal for use in automobile catalytic converters. This use alone accounts for about 50% of its usage. In addition, it used in electronics and fuel cells. The petroleum industry uses it in the cracking process in oil refineries. And of course, platinum is used extensively in jewelry [for more platinum news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: Which Platinum ETF Is Right For You? PPLT vs. PTM vs. PGM The 5 Minute Guide to Platinum ETFs Five Must-Read Blogs for Platinum Traders and Investors Seven Platinum Traders Worth Following on Twitter How to Trade Platinum Futures
