NetworkNewsBreaks – Platinum Group Metals Ltd. (
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Posted On: 11/07/2024 3:02:50 PM
NetworkNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Moving to Benefit from Increased Demand for PGMs
Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is poised to benefit from the automotive industry’s shift toward hybrid and electric vehicles (“EVs”). “A surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals (‘PGMs’) in the coming years, similar to the extended lifespan now predicted for coal,” reads a recent article that contains excerpts from a Reuters report.
“Platinum Group Metals, an up-and-coming player in the PGM space, is well positioned to capitalize on this trend. The company is engaged in the development of the Waterberg Project in South Africa. This project is strategically aligned with the growing demand for platinum and other PGMs, as it aims to produce large quantities of these crucial metals… By expanding its production capabilities and capitalizing on the growing market, Platinum Group Metals Ltd. is looking to benefit from the increase in PGM demand, potentially driving substantial growth and success in the evolving landscape of sustainable transportation.”
NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://nnw.fm/PLG
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is poised to benefit from the automotive industry’s shift toward hybrid and electric vehicles (“EVs”). “A surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals (‘PGMs’) in the coming years, similar to the extended lifespan now predicted for coal,” reads a recent article that contains excerpts from a Reuters report.
“Platinum Group Metals, an up-and-coming player in the PGM space, is well positioned to capitalize on this trend. The company is engaged in the development of the Waterberg Project in South Africa. This project is strategically aligned with the growing demand for platinum and other PGMs, as it aims to produce large quantities of these crucial metals… By expanding its production capabilities and capitalizing on the growing market, Platinum Group Metals Ltd. is looking to benefit from the increase in PGM demand, potentially driving substantial growth and success in the evolving landscape of sustainable transportation.”
NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://nnw.fm/PLG
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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