MiningNewsBreaks – 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…