PTM:CC - Platinum Group Metals: They've Recognized The Problem At Least
2024-04-01 16:10:15 ET
Summary
- Platinum Group Metals may struggle to finance its mine due to market demand problems.
- The demand for platinum group metals, particularly palladium, is expected to decline due to the rise of electric vehicles and increased recycling.
- PLG's attempt to find new uses for the metals through Lion Battery Technologies may indicate a recognition of the declining demand for traditional uses.
Is there even going to be a market?
I wrote about Platinum Group Metals (PLG) here at Seeking Alpha back a couple of years . My base contention was that the market for the intended production had a problem. Therefore I was unsure about whether the mine would, in fact, go into production. My concerns have only grown over the period since. I now think it is going to be very difficult for PLG to finance its mine. And I think they're going to have significant problems if they can manage that. ...
Platinum Group Metals: They've Recognized The Problem At Least