Opportunities with platinum
Compared to the gold price, the Covid 19 crisis has hit platinum hard. This has already brought numerous investors to the scene. For example, sales of platinum bars and coins reached a record high in the first quarter of 2020. On an annual basis, purchases were five times higher than every year in the last forty years. China also ordered significantly more in the first quarter of 2020 (834,000 ounces) than in an average quarter (574,000 ounces).
Where did the great demand come from? Buyers from the industry, including jewellery manufacturers, took advantage of the low price. Even new jewellery lines with platinum were launched. Platinum jewellery could perhaps soon outstrip white gold. Especially the Japanese like platinum. Although the Indian platinum jewellery market has also suffered a lot, it could soon benefit from the low prices.
Sibanye-Stillwater is one of the platinum mining companies: https://www.commodity-tv.com/play/sibanye-stillwater-q1-2020-operating-update-record-ebitda/. Platinum and palladium projects in South Africa and in the USA belong to the company. Platinum is also used in fuel cells and palladium in automotive catalytic converters for gasoline engines. Sibanye-Stillwater also has gold producing projects in South Africa.
Even though platinum jewellery may soon be on the rise, gold is still the right choice for many. Not much needs to be said about the fantastic rise in the price of gold in recent weeks and months, nor should there be any time to join in.
For example, with an investment in Mawson Resources: https://www.commodity-tv.com/play/newsflash-with-bluestone-resources-mawson-resources-ximen-mining/. Two high-grade gold projects, one in Australia (Sunday Creek) and one in Lapland (Rompas-Rajapalot) are part of the portfolio. Exploration programs have resumed on both projects.
Recent company information and press releases from Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/) and Mawson Resources (https://www.resource-capital.ch/en/companies/mawson-resources-ltd/).
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