Tag: precious metals investment
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Sprott Physical Gold Trust Plans $1 Billion Equity Program Expansion
Sprott Asset Management LP, a subsidiary of Sprott Inc., made an announcement regarding the Sprott Physical Gold Trust’s updated at-the-market equity program. The Trust, established as a closed-ended mutual fund trust to invest in physical gold bullion, revealed plans to issue an additional $1 billion of units in the United States and Canada under the…
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Rhodium’s Rarity and Demand Pose Investment Challenges Amid Market Volatility
Rhodium, a crucial metal in the global auto industry, is exceptionally rare and highly sought after. As part of the platinum group metals, it is utilized in various industries, including electronics, optics, and most notably, automotive catalytic converters. These converters play a vital role in reducing harmful emissions from vehicles, making rhodium a key component…
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Rhodium Bullion Surges in Value, Investors Eye Potential Boom
Rhodium, a metal crucial to the global auto industry, is a rare commodity with diverse industrial applications. As part of the platinum group metals, rhodium’s primary use lies in automobile catalytic converters, essential for reducing harmful emissions. The demand for rhodium continues to rise, driven by the growth in the automotive sector. Catalytic Convertor Cleaner…