How to invest in platinum

Investing in platinum might not be your first thought when you think of this precious metal but it can be a popular choice.

Platinum is used to make jewellery, particularly rings. But this dense and durable grey-coloured metal is also found in catalytic converters on vehicles, and traces of it can even be found in some dental fillings and mobile phones.

Platinum is much rarer and harder to mine than gold and silver, which makes it a more expensive commodity to buy. Here are 3 different ways you can invest in platinum.

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Most people think of gold when it comes to shiny chunks of bullion, but you can also buy platinum bullion.

This can come in the form of coins (usually available to purchase from official government mints) or bars.

A platinum bullion bar can weigh from one ounce up to one kilogram or more, and is usually accompanied by a form of assay card or a certificate of authenticity, which contains various details on its purity and origin.

Platinum bullion is of a finer purity than the platinum found in jewellery and should be at least 99.95% pure (also referred to in the industry as 999.5 or .9995 pure).

Remember to check that you are buying bullion from a reputable dealer, and also factor in that you will probably want to pay for the cost of secure storage.

Pros

  • You have a physical asset that you can hold, store or sell on.
  • Coins and bullion are relatively easy to purchase.

Cons

  • You may need to pay for secure delivery and/or storage.
  • You should check the authenticity of the seller and the bullion itself.

Key takeaways

  • Platinum is rarer than gold and silver and harder to mine, which can make it more expensive.
  • You can invest in platinum by buying physical platinum bullion, investing in platinum ETFs or buying shares in platinum mining companies.
  • Platinum is used in vehicle catalytic converters, so prices can fluctuate with automotive demand, mining supply disruptions and broader market conditions.

Investing in platinum ETFs

For investors looking to the stock market to make returns from platinum, then ETFs (or exchange traded funds) are an option to consider.

These are funds that invest in a basket of different things – such as equities, bonds and commodities – and you can find more detailed information on them in Finder’s ETF guide.

ETFs are a popular choice among both novice and experienced investors, because they can help diversify portfolios and reduce risk by collectively investing in a range of assets. And they also have the ability to hone in on specific industries or commodities, if that is what you’re looking for.

There are various platinum-focused funds to choose from on the world’s stock markets, which will invest in things like platinum bullion, platinum futures contracts or platinum mining companies.

Major platinum ETFs include:

  • Aberdeen Standard Platinum Shares EFT (NYSEArca: PPLT)
  • GraniteShares Platinum Trust (NYSEArca: PLTM)
  • iPath Series B Bloomberg Platinum Subindex Total Return ETN (NYSEArca: PGM)

But if you’d like a more limited exposure to platinum then there are also funds that include platinum as part of their wider investment portfolios, or ETFs that track the precious metals sector as a whole.

Pros

  • ETFs can give you access to a range of platinum-related investments.
  • A good option if you don't want to single out one company to invest in.

Cons

  • You don't get to choose the individual investments yourself, this is done by the fund managers.
  • There will be a fund management fee to pay.

Buying shares in platinum mining companies

If you’re more interested in buying specific shares in platinum-related companies, then purchasing stocks in platinum mining companies could be for you.

As platinum is scarcer and more difficult to extract than gold or silver, there are fewer mining companies in this part of the precious metals sector, but some of the world’s largest platinum mining firms include:

  • Anglo American Platinum Limited (OTC Markets: ANGPY)
  • Impala Platinum Holdings Limited (OTC Markets: IMPUY)
  • Tharisa plc (LSE: THS)
  • Sibanye Stillwater Limited (NYSE: SBSW)
  • Platinum Group Metals Ltd. (TSX: PTM)
  • Generation Mining Limited (TSX: GENM)
  • Eastern Platinum Limited (TSX: ELR)
  • Mene Inc. (TSXV: MENE)
The financial performance of any mining company can depend on a number of factors, such as demand for the metal being mined; a fluctuation in global prices for the raw material; availability of the raw material, for example, if certain mining seams begin to run out; environmental issues surrounding the mining process; local issues affecting the mining extraction, for example, civil unrest or a striking workforce; and wider economic global issues, such as a recession.

Pros

  • Choosing the right stocks can generate promising returns.

Cons

  • The value of your shares could go down as well as up.

If you want to start investing either in EFTs or company shares, you can do so through a broker or by signing up to a share trading platform. Weigh up your options by reading our investment guides, and compare share trading platforms using the table below.

Platinum performance

The graph below shows more recent data on the value of platinum (prices are in US dollars).

In March 2008, the price of platinum peaked at around US$2,251 but fell to US$774 by November. Platinum prices were more stable in the years that followed, but became more volatile in 2025 and 2026. Platinum rose from around US$900 at the start of 2025 to more than US$2,100 in early 2026, before falling back toward US$1,600 by October 2026.

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