7 Platinum Stocks and Funds To Buy in 2022 (How To Invest in Platinum)

Platinum is a precious metal used in catalytic converters in cars to reduce toxic emissions. There’s increasing speculation that 2022 may be a big year for the metal due to recent sanctions against Russia, a major producer. Learn what the top platinum stocks and funds are.

Anders Skagerberg   Updated March 15th, 2022

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Is platinum a good investment?

Platinum is a rare or precious metal due to its scarcity on the earth’s crust. Because platinum is one of the least reactive metals, with strong resistance to corrosion and high temperatures, it’s vital to several industries, from car manufacturing to jewelry.

Most platinum supply comes from South Africa, which accounts for roughly 70% of the world’s production. Russia is the world’s second-largest platinum producer accounting for nearly 10% of global production.

How is platinum used?

Platinum is primarily used in diesel catalytic converters, which represent roughly 40% of the global platinum use. Catalytic converts, also known as auto-catalysts, reduce harmful emissions from diesel-powered cars. In contrast, palladium, also a platinum group metal, helps reduce emissions from gasoline-powered vehicles.

Jewelry comes in at a close second, accounting for approximately 30% of the world’s platinum use.

While platinum could be poised for a big year, there is also speculation that the long-term prospects are not as promising. That’s because the auto industry is undergoing a massive shift from gasoline and diesel-powered vehicles to electric cars, which do not need catalytic converters. This could eventually decrease platinum demand, though this shift will take time.

While this shift could spell turbulent water ahead for platinum, the metal is also used in certain battery types and other electronics, which could soften the pullback. Also, platinum is employed in both hybrid and hydrogen-powered cars, meaning demand could see some support despite the significant shift of the auto industry.

Platinum prices are rising

Platinum prices are up nearly 9% year-to-date, driven by concerns about tightening supply. Platinum is a volatile commodity, with prices driven by changes in supply and demand. Prices plunged during the COVID selloff in March of 2020, dropping to a 15-year low of $740 per oz. Prices have been rising since, topping out at around $1,200 per oz a year later, in March 2021.

Since then, prices have hovered around the $1,000 per oz mark, with some speculating they will continue to increase with new sanctions in place on Russia. These sanctions could lower the supply of platinum, meaning that if demand stays steady, prices could rise.

Is platinum environmentally friendly?

Although mining any finite metal is problematic, platinum has several environmental benefits.

First, it plays a significant role in catalytic converters, helping to reduce toxic emissions from cars.

Second, platinum is used in hydrogen fuel cell EVs, helping separate the hydrogen into distinct parts, creating electricity during the process. This is an emerging technology and is considered an alternative to battery-powered EVs.

While it remains to be seen whether hydrogen-powered EVs will go mainstream, it’s worth noting that Toyota, one of the largest auto manufacturers in the world, is already producing hydrogen-powered cars like the Mirai. This signals that hydrogen cars may be here to stay, with platinum being a critical component.


Still, with the shift towards battery-powered EVs, the future of platinum demand seems uncertain. But this change will not happen overnight, and the electrification of the auto industry may take another one to two decades.

What are the best platinum stocks and funds?

Platinum stock and fund list

  • Sibanye Stillwater Ltd (SBSW)
  • Anglo American Platinum (ANGPY)
  • Impala Platinum Holdings (IMPUY)
  • Platinum Group Metals (PLG)
  • Aberdeen Standard Physical Platinum Shares ETF (PPLT)
  • GraniteShares Platinum Trust (PLTM)
  • iPath Series B Bloomberg Platinum Subindex Total Return ETN (PGM)

Learn more about each company and fund on the list.

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1. Sibanye Stillwater Ltd (SBSW)

  • Market capitalization: $11.6 billion
  • Year-to-date return: 32%

Sibanye-Stillwater is a multinational mining and metals business spanning five continents. They’ve established themselves as one of the world’s largest producers of several metals, including platinum, palladium, rhodium, and gold.

With total annual revenue of 127 billion ZAR and a gross profit of 42 billion ZAR, Sibanye-Stillwater is a huge player in the platinum mining space. Their stock offers an annual dividend yield of almost 8%.

Sibanye has set itself multiple sustainability goals, pledging to be carbon neutral by 2040. They are also included in the FTSE4Good Index and the FTSE/JSE Responsible Investment Index.

2. Anglo American Platinum (ANGPY)

  • Market capitalization: 560 billion ZAR
  • Year-to-date return: 19%

The South-African mining company Anglo American Platinum is the world’s largest platinum producer, accounting for roughly 38% of the world’s annual supply. They employ around 30,000 people and are based in Johannesburg with sales offices in London and Singapore.

Anglo American produces several different metals in addition to platinum: gold, palladium, copper, and chrome, to name a few. With revenue of 214 billion ZAR in 2021, Anglo American Platinum is the top player in the platinum group metal space. The stock also offers a roughly 6% dividend yield.

3. Impala Platinum Holdings (IMPUY)

  • Market capitalization: $193 billion ZAR
  • Year-to-date return: 10%

Impala Platinum Holdings Limited or Implats is a South African company that owns and operates mines producing platinum and other platinum group metals. Implats has been in the platinum mining business for over a century and currently operates six mines while employing more than 50,000 people.

The most recent financials show revenue of 130 billion ZAR in 2021 and a gross profit of 53 billion ZAR. The stock also has a 7.5% dividend yield.

Implats tries hard to be a sustainable mining business. Their vision centers around eleven sustainable development goals, from eliminating poverty to increasing gender equality. Implats is included in the FTSE4Good Index along with other socially responsible companies.

4. Platinum Group Metals (PLG)

  • Market capitalization: $186 million
  • Year-to-date return: 31%

Platinum Group Metals Limited is a Canadian mining company developing the Waterberg Project in South Africa. The project is an underground platinum and palladium deposit. The company has partnered with several others for the project, including Implats.

They are also working on the Lion Battery in partnership with Anglo American Platinum. The Lion Battery will support the use of platinum and palladium in lithium batteries.

At the time of this writing, the Waterberg project is still in the development phase, and PLG has no revenue or profits to report, making this stock a speculative buy.

5. Aberdeen Standard Physical Platinum Shares ETF (PPLT)

  • Market capitalization: $1.24 billion
  • Year-to-date return: 9%

If you aren’t interested in buying individual stocks or storing physical platinum in bars, platinum funds can be a great option. They can provide direct exposure to platinum with minimal hassle and relatively low fees.

The Aberdeen Standard Physical Platinum Shares ETF lets you invest in physical platinum. The physical platinum is held in bar form in secured vaults in London, UK, and Zurich, Switzerland. JP Morgan Chase Bank acts as the vault’s custodian. The vaults are audited twice per year by a leading commodity auditor.

Launched in 2010, PPLT has a net expense ratio of 0.60%. The fund is marketed as an effective and convenient way to invest in platinum with minimal credit risk.

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6. GraniteShares Platinum Trust (PLTM)

  • Market capitalization: $45 million
  • Year-to-date return: 9%

GraniteShares Platinum Trust is an ETF designed to reflect the performance of platinum, minus fund fees. The fund was launched in 2018 and has a net expense ratio of 0.50%.

Platinum bars are held in a vault in the UK and audited twice per year. ICBC Standard Bank PLC acts as the custodian. The fund currently holds around 40,000 troy ounces of platinum.

GraniteShares is the lowest cost physical platinum ETF on the market, offering investors a low-cost physical platinum investment option.

7. iPath Series B Bloomberg Platinum Subindex Total Return ETN (PGM)

  • Market capitalization: $7 million
  • Year-to-date return: 9%

The PGM ETN invests in an index made up of platinum futures contracts. Futures are financial derivatives, which track the value of an underlying commodity, in this case, platinum. Their performance can vary dramatically from the spot price of platinum, though.

The fund launched in 2018 and has an expense ratio of 0.45%. PGM includes a call provision and avoids the higher collectible tax rate applied to platinum funds that invest in physical metal.

We note that PGM is not an ETF but an ETN, which is a form of debt issued by a bank, in this case, Barclays. Unlike an ETF, which buys and holds the underlying securities, an ETN doesn’t own anything, not even the futures. The Note’s backer (in this case, Barclays) promises to pay the return of the underlying futures contract. Because the ETN does not hold securities, it can match the return of the contract perfectly, eliminating tracking error. However, the ETN carries the credit risk of the issuer, so if Barclays goes bankrupt (which seems unlikely), investors may not get their money back.


🔔 Looking for palladium investments? Check out the top palladium stocks and palladium ETFs.

NOT INVESTMENT ADVICE. The content is for informational purposes only; you should not construe any such information as investment advice.

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