March 9, 2021
When it comes to precious metals and the clean energy equation, silver gets most of the attention, but there’s utility with platinum and the
SPPP provides “a secure, convenient and exchange-traded investment alternative for investors who want to hold physical platinum and palladium. The Trust offers a number of compelling advantages over traditional exchange-traded platinum and palladium funds,” according to the issuer.
“As the coronavirus pandemic brought worldwide economies to a standstill in 2020 platinum demand fell by one million ounces, according to the World Platinum Investment Council, an industry group,” reports Pippa Stevens for CNBC. “But supply fell by 1.3 million ounces amid Covid-related disruptions as well as outages at some key plants. Ultimately platinum demand — which averages about eight million ounces per year — was pushed into a deficit.”