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Platinum Group Metal

Acronym
PGM
Plural Name
Platinum Group Metals
Parent Asset Class
Precious Metals

Platinum Group Metals are precious metals that are commonly used in industry.

  • PGMs is an acronym for Platinum Group Metals
  • Elements that are part of this group include:
  • Extremely rare but have broad uses
  • PGMs are extensively used in industry - especially the auto industry
    • Often used in the catalytic converter of an internal combustion vehicle exhaust system
    • Almost all cars in the world have one

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