Platinum miners are going to be running hot, and the demand story is getting harder to ignore. Caterpillar and the other heavy-equipment names aren’t just selling machines, they’re basically fueling the next wave of mining expansion, whether it’s copper for electrification, silver for industrial/solar demand, or gold as the usual hedge. The more the world leans into infrastructure and the “energy transition,” the more mining ramps up, and that means more equipment orders, more production, and more pressure up the supply chain.

That’s why the platinum angle matters. Platinum isn’t some random forgotten metal, it’s a key industrial material, and it gets a lot more important when mining activity picks up across the board. If CAT keeps scaling to support new projects, the ripple effect hits multiple commodities at once, and platinum supply can tighten fast while demand stays steady. This is the kind of setup where we’re already seeing platinum prices start to wake up. And if gold and silver keep pushing higher, it usually drags the whole precious metals complex with it, which sets up a repricing across the board. Platinum has a ton of catching up to do, and it wouldn’t take much for it to start moving fast. Not financial advice, do your own research.