Many investors search ‘platinum price EUR per Ounce One Month’ as they wish to identify trends and spot any opportunities to invest in platinum. If you would like to look at the platinum price for a different time period, weight or currency then simply amend the Platinum price EUR chart, accordingly.
Platinum is an exciting metal to invest in at the moment. Whilst it is a precious metal it is for its industrial applications that it is making the most headlines for.
The world seems to have finally come together to try and implement strategies that will see planet earth work together for a net-zero, decarbonised world. There are many industries that are going to have to find new ways of doing things.
One that is already making huge leaps and affecting the platinum price euro is the automotive industry. Platinum is used in catalytic converters, helping to change the toxic fumes emitted by automotive engines into less toxic fumes. Currently the demand from the automotive sector accounts for half of total mining supply.
Beyond catalytic converters the platinum price euro will also be heavily affected by the major leaps being made in the green hydrogen sector. Here, platinum is important in two ways, first in the electrolysers to produce green hydrogen and secondly, in hydrogen fuel cells. Green hydrogen is completely carbon-free and has long-term energy storage capabilities. Given this could see the decarbonisation of transport, heating and industrial processes we expect it will really have a positive effect on the platinum price euro.
Do you want to buy gold or silver in Ireland? If you have any questions, send us a message via live chat, email, or phone and one of our experts will answer.
Should We Worry About The Strong US Dollar?
Over the August period, it’s easy for people to switch off and to some extent, it might feel like the precious metals have been doing the very same! However, if you look at the YTD performance of gold across key currencies in the World Gold Council table provided below then you will take some heart […]
Betting on Gold and Global Dominance: How India’s Boom Could Dethrone China
Buckle up, because India isn’t just racing on the path of economic transformation; it’s blazing a trail. We’re talking about a nation that has evolved from contributing just 6.3% of global GDP growth in 2007 to a projected 17.4% by 2028. The underdog is gaining ground on China, and gold investors might be the unexpected […]