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FAQ: Platinum Group Metals Ltd. and the Projected Platinum Supply Crunch
TL;DR
Platinum Group Metals Ltd. offers investors a strategic advantage by developing the Waterberg Project during a prolonged platinum supply deficit averaging 8% annual shortfalls.
The World Platinum Investment Council projects multi-year platinum deficits driven by structural supply constraints that Platinum Group Metals Ltd.'s Waterberg Project aims to address.
Platinum Group Metals Ltd.'s Waterberg Project helps secure essential platinum supplies needed for cleaner automotive technologies and sustainable industrial applications worldwide.
A structural platinum shortage affecting automotive and clean energy sectors creates unique opportunities for Platinum Group Metals Ltd.'s developing Waterberg Project.
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This content discusses the projected platinum supply deficit and how Platinum Group Metals Ltd. (NYSE American: PLG, TSX: PTM) is positioned to address this shortage through its Waterberg Project in South Africa.
According to the World Platinum Investment Council (WPIC), the global platinum market is projected to remain in deficit for multiple years, with annual shortfalls averaging approximately 8% of total yearly demand.
The company is advancing its large-scale Waterberg Project in South Africa, which could enter the supply-constrained market at a critical time to help address the structural platinum shortage.
The company's Waterberg Project is located in South Africa.
The platinum shortage will have consequences across the automotive, industrial and clean energy sectors according to the content.
The World Platinum Investment Council (WPIC) is projecting that the global platinum market will remain in deficit for multiple years.
The timing is significant because the company's Waterberg Project could enter an increasingly supply-constrained market just as deficits are deepening, positioning the company to help address the structural shortage.
The latest news and updates relating to PLG are available in the company's newsroom at https://ibn.fm/PLG.
This content was published by MiningNewsWire (MNW), which is a specialized communications platform focused on developments in the Global Mining and Resources sectors.
Curated from InvestorBrandNetwork (IBN)
