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Understanding platinum
What moves platinum
Platinum is mainly an industrial metal — catalytic converters, chemical and glass production — with a small investment market. Mine supply is concentrated in a few countries, so supply disruptions and auto demand weigh heavily on its price.
Reading the PPLT proxy
The abrdn Physical Platinum Shares ETF (PPLT) holds physical platinum valued from the LBMA Platinum Price. Its 0.60% annual fee reduces the platinum behind each share over time; it split 10-for-1 on May 18, 2026 (SEC 8-K).