Loading ...FYI Tread Lightly? I’m on PLG up 40% on 1,000 shs, not sure whether to dump it or double it. I’ll take advice.
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To understand the other catalyst at play here, investors should know exactly where the demand for platinum and palladium comes from. Importantly, much of the demand for platinum used to come from jewelers and traditional automakers. In recent times, this means that platinum prices have struggled and the metal has been less appealing. Now though, a new opportunity for platinum is sparking investor interest.
It turns out that PLG stock is a big beneficiary of the clean energy trend at play right now. How? Well, demand for hydrogen power is rising. However, traditional hydrogen comes from the petroleum refining process. This means that as companies and consumers work to be as eco-friendly as possible, many are turning to green hydrogen. Platinum comes into play in this green hydrogen production process. Essentially, it plays a role in the electrolysis of water that generates green hydrogen for use in everything from forklifts to freight trucks.