NetworkNewsBreaks – Platinum Group Metals Ltd. (
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Posted On: 03/13/2025 3:51:57 PM
NetworkNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Poised for Growth Amid Potential 2X Price Surge
Platinum Group Metals (NYSE American: PLG) (TSX: PTM) is set to benefit from a projected rise in palladium prices, which one industry analyst predicts could double over the next decade. The expected surge is attributed to several key factors including supply constraints, high demand from the automotive industry, as well as limited substitution options. As an emerging player in the palladium sector, PLG is strengthening its position by advancing the Waterberg Project in South Africa, which is set to be one of the world’s largest and lowest-cost underground platinum group metal (“PGM”) mines. The company has explored opportunities to enhance its processing capabilities through a cooperation agreement to establish a PGM smelter and base metals refinery in Saudi Arabia. These strategic moves, coupled with the potential price increase, position PLG well to capitalize on the growing palladium market and deliver enhanced value to stakeholders.
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 (NYSE American: PLG) (TSX: PTM) is set to benefit from a projected rise in palladium prices, which one industry analyst predicts could double over the next decade. The expected surge is attributed to several key factors including supply constraints, high demand from the automotive industry, as well as limited substitution options. As an emerging player in the palladium sector, PLG is strengthening its position by advancing the Waterberg Project in South Africa, which is set to be one of the world’s largest and lowest-cost underground platinum group metal (“PGM”) mines. The company has explored opportunities to enhance its processing capabilities through a cooperation agreement to establish a PGM smelter and base metals refinery in Saudi Arabia. These strategic moves, coupled with the potential price increase, position PLG well to capitalize on the growing palladium market and deliver enhanced value to stakeholders.
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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