Additionally, JM predicts investment demand could increase 68% to a record 750,000 ounces this year.
The NewPlat ETF (NGPLTJ.J), which provides exposure to platinum bullion price movements as tracked by the South African Rand price of platinum, is a physically backed fund that holds about 774,300 ounces of platinum. [South Africa-Listed Platinum ETF is Largest in the World]
In comparison, the ETFS Physical Platinum Shares (NYSEArca: PPLT), a physically backed U.S.-listed platinum ETF, holds about 552,080 ounces of platinum.
Additionally, the ETFS Physical PM Basket (NYSEArca: GLTR) and the ETFS Physical White Metals Basket Share (NYSEArca: WITE) provide exposure to a basket of various precious metals. WITE holds the “white metals” silver, platinum and palladium; and GLTR holds a basket of silver, platinum, palladium and gold.
For more information on platinum, visit our platinum category.