PGM

PGM stands for Platinum Group Metals, which include platinum, palladium, rhodium, ruthenium, iridium, and osmium. These metals are highly valuable due to their unique physical and chemical properties, making them essential in various industrial applications such as automotive catalytic converters, electronics, and jewelry. 

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The demand for PGMs has been increasing due to the growing demand for cleaner energy and stricter emissions regulations. Additionally, the limited supply of PGMs, with the majority of production coming from South Africa and Russia, has resulted in high market prices. As a result, PGMs have become a popular investment option for investors looking to diversify their portfolios and capitalize on the growing demand for these metals.