Top Swiss Refineries and Trusted Dealers
Introduction to Platinum
Platinum, one of the rarest and most valuable precious metals, has become increasingly popular among investors and collectors. Whether you’re interested in diversifying your investment portfolio or acquiring unique platinum pieces, knowing where to buy platinum is crucial. This guide will focus on the most prestigious Swiss refineries that produce platinum, providing you with insights on where to buy high-quality platinum products. Additionally, we’ll explore the best dealers in Singapore, offering where to buy platinum items with no GST payable, ensuring you make informed purchasing decisions.
Why Choose Platinum?
Platinum is not only a symbol of luxury but also an excellent investment option. Its rarity and high demand in various industries, such as automotive and jewelry, contribute to its value. Unlike gold and silver, platinum has unique properties, making it more durable and resistant to tarnish. This makes it an attractive option for long-term investors looking to diversify their portfolios.
South Africa’s Platinum Crisis: Critical Reasons Behind the Decline in Production
Low platinum production in South Africa has sparked global concern. The primary factors include labour strikes, aging infrastructure, high production costs, and fluctuating demand. How will this impact global platinum prices?
Key FAQs and Insights in South African Platinum Supply:
- Why is South Africa’s platinum production declining?
Labour disputes, frequent strikes, and outdated mining infrastructure have severely impacted platinum output, reducing South Africa’s contribution to the global supply. - What is the economic impact of low platinum production in South Africa?
The decline has strained the economy, leading to job losses and decreased revenue, exacerbating financial instability within the mining sector. - How does this affect global platinum prices?
Lower production in South Africa, which accounts for over 70% of the world’s platinum followed by Russia -11% and Zimbabwe – 8%, has driven prices upward, affecting industries reliant on the metal, including automotive and jewelry sectors. - Are there any solutions to mitigate the decline?
Investments in modernizing mining infrastructure, improving labor relations, and adopting sustainable practices could stabilize and eventually increase platinum production.
How Russian Platinum Bars Are Surviving Sanctions: The Role of Chinese Refineries
The global platinum market has been shaken by the recent trend of Russian platinum bars being “washed” through Chinese refineries due to Western sanctions. This practice has raised concerns about the integrity of the global supply chain and the potential for market manipulation. But how exactly are these bars making their way through the system, and what does it mean for the global platinum industry?
What impact do these practices have on global platinum prices?
The influx of rebranded Russian platinum has created uncertainty in the market, with prices fluctuating as traders and investors grapple with the ethical and legal implications. The lack of transparency also makes it difficult to accurately assess supply and demand, further destabilizing prices.
What does this mean for investors?
Investors need to exercise caution when looking where to buy platinum, particularly when the source of the metal is unclear. The potential for market disruption, coupled with the ethical concerns surrounding the purchase of Russian-origin platinum.
Platinum Market Shift: China Takes Charge as London’s LPPM Loses Grip
As the platinum market faces increasing uncertainty, China is stepping in where London’s LPPM has only held discussions. The Guangzhou Futures Exchange (GFEX) is set to launch China’s first platinum futures contracts, aiming to shift the focus from price stagnation in the West to real market action in the East. While the LPPM in London hosts champagne-filled conferences, China is taking decisive steps to meet both industrial and investment demand for platinum.
This move signals a significant power shift in the platinum market, as China’s proactive approach contrasts sharply with the LPPM’s passive stance. By allowing deliveries in consumer-friendly forms, such as ingots for investors and sponge for industrial use, China is positioning itself as the new global hub for platinum trading. The introduction of these futures contracts is expected to drive price action away from London and into the hands of those who prioritize results over rhetoric.
With minimum orders set at 5 kilograms and a 5% to 20% deposit requirement, GFEX is creating a structured and actionable market, offering both stability and opportunity for platinum investors worldwide. China’s bold entry into the platinum market could redefine global pricing and reshape the industry’s future.
LPPM Good Delivery Platinum Refiners and Assayers
Here is the list of LPPM Good Delivery Platinum Refiners and Assayers organized by countries in alphabetical order:
| Country | Company |
|---|---|
| China | Shenzhen Cuilu Gold Refinery Co., Ltd |
| Shenzhen Point Gold Refining Co., Ltd. | |
| Germany | C. HAFNER GmbH and Co. KG |
| Heraeus Precious Metals GmbH & Co. KG | |
| SAXONIA Edelmetalle GmbH | |
| Hong Kong | Heraeus Limited |
| India | Hindustan Platinum Pvt. Ltd. |
| Italy | Chimet SpA |
| T.C.A. S.p.A. | |
| Japan | Aida Chemical Industries Co. Ltd. |
| ASAHI METALFINE, Inc. (with effect from 1st April 2023) | |
| Furuya Metal Co. Ltd. | |
| Ishifuku Metal Industry Co. Limited | |
| JX Advanced Metals Corporation (with effect from 14th May 2024) | |
| Materials Eco-Refining Co. Ltd. | |
| Matsuda Sangyo Co. Limited | |
| Nihon Material Co. Ltd. | |
| Tanaka Kikinzoku Kogyo K.K. | |
| Tokuriki Honten Co. Limited | |
| Korea | Heesung PM Tech Corp |
| South Africa | Heraeus PGM SA (Pty) Ltd (with effect from 1st November 2021) |
| Impala Platinum Limited | |
| Rustenburg Platinum Mines Limited | |
| Sibanye-Stillwater / Western Platinum (PTY) Limited | |
| Switzerland | Argor-Heraeus SA |
| Metalor Technologies SA | |
| MKS PAMP S.A. | |
| Valcambi SA | |
| Taiwan | Solar Applied Materials Technology Corp. |
| United Kingdom | Johnson Matthey plc |
| USA | BASF Metals LLC |
| Heraeus Precious Metals North America LLC | |
| Johnson Matthey Inc. | |
| Sabin Metal Corporation |
Swiss Refineries: The Pinnacle of Platinum Refinement
Switzerland is renowned for its precision, quality, and reliability in precious metal refinement. When it comes to platinum, Swiss refineries are considered the gold standard (no pun intended).
Here are the top Swiss refineries that produce world-class platinum:
- Argor-Heraeus SA
- Overview: Argor-Heraeus SA is one of the largest and most respected precious metal refineries in the world. With a strong commitment to quality, they provide a wide range of platinum products that meet the highest industry standards.
- Products: Argor-Heraeus offers various platinum bars and ingots, including the popular 50 oz Platinum Ingot with 999.5% purity.
- Reputation: Known for their exceptional craftsmanship and stringent quality control, Argor-Heraeus platinum products are highly sought after by investors and collectors alike.
- Metalor Technologies SA
- Overview: Metalor Technologies SA is another prestigious Swiss refinery that specializes in refining precious metals, including platinum. Their innovative techniques and state-of-the-art facilities ensure that their platinum products are of the highest quality.
- Products: Metalor produces a range of platinum bars, including the 1 Kilo Platinum Bar, which is a favourite among investors for its purity and value.
- Reputation: Metalor’s platinum products are synonymous with trust and reliability, making them a top choice for those seeking premium platinum.
- MKS PAMP S.A.
- Overview: MKS PAMP S.A. is a leading Swiss refinery that produces some of the most exquisite platinum products in the market. Their focus on quality and innovation has earned them a stellar reputation worldwide.
- Products: MKS PAMP’s platinum offerings include the 1 Oz Platinum Valcambi Bar, known for its elegant design and high purity.
- Reputation: MKS PAMP is highly regarded for its attention to detail and commitment to excellence, making their platinum products highly desirable.
- Valcambi SA
- Overview: Valcambi SA is a well-established Swiss refinery that has been refining precious metals, including platinum, for decades. Their platinum products are known for their precision and consistent quality.
- Products: Valcambi produces a variety of platinum bars, such as the 1 Kilo Platinum Valcambi Bar, a popular choice among serious investors.
- Reputation: Valcambi’s platinum products are trusted by investors around the world for their superior quality and reliability.
Where to Buy Platinum in Singapore
Singapore is a hub for precious metal trading, offering a wide range of platinum products with no GST payable. Here are the top five dealers in Singapore where you can purchase platinum (overview taken from their own content):
- BullionStar
- Overview: BullionStar is the leading bullion dealer in Southeast Asia, combining a modern e-commerce trading and storage platform with a physical Bullion Center, integrating a shop, showroom, vault and safe deposit facility in the same location
- Products: BullionStar offers various platinum coins and bars, including Argor-Heraeus platinum bullion bars in various sizes.
- Central Precious Metals Pte Ltd
- Overview: Central Precious Metals was founded in 1993 in Singapore, dealing in gold bullion business. It supplied mainly gold bullion in Kilobar and 100 grams form to jewellery manufacturers, goldsmiths and investors in Singapore and neighbouring countries.
- Products: Their offerings include the 500 gram Platinum Valcambi Bar and 1 Oz Perth Mint Platinum Coins.
- GoldSilver Central
- Overview: Linked to Central Precious Metals, GoldSilver Central Pte Ltd specialises in physical bullion trading in gold, silver and platinum at real-time pricing, industry bullion supply, bullion buying and selling, collateral loan and secured storage under GoldSilver Central’s Bullion Storage Program at the Singapore Freeport.
- Products: GoldSilver Central features platinum products like the Maple 1 Oz Platinum The Royal Canadian Mint.
- Indigo Precious Metals (IPM Group Pte Ltd)
- Overview: Indigo Precious Metals (IPM) specialises in the trading of investment grade precious metals worldwide. Buy gold, silver, platinum, palladium, and rhodium from our online platform. Based in Singapore and Malaysia, with partners in Australia, we cater to private individuals, institutional investors, and family trusts. Use the coupon code SPENCER to get a discount on your purchases from Indigo Precious Metals.
- Products: Indigo Precious Metals offers unique platinum products like the 1 Oz Tudor Beasts Platinum Coins.
- Silver Bullion Pte Ltd
- Overview: Established in 2009, Silver Bullion offers our clients safe harbor for wealth through precious metals ownership and protecting that wealth from the financial crises of our times. We protect wealth from three main systemic risks: Counterparty, Currency, and Jurisdiction.
- Products: Their platinum offerings include the Perth Mint 1 Oz Kangaroo Platinum Coin.
Read: Top 5 Gold Dealers in Singapore
FAQ: Where to Buy Platinum?
1. What are the best places to buy platinum? The best places to buy platinum include reputable Swiss refineries such as Argor-Heraeus, Metalor Technologies, MKS PAMP, and Valcambi. In Singapore, top dealers like BullionStar, Central Precious Metals, GoldSilver Central, Indigo Precious Metals, and Silver Bullion offer a wide range of platinum products.
2. Why choose Swiss refineries for platinum? Swiss refineries are renowned for their precision, quality, and reliability. Platinum products from refineries like Argor-Heraeus, Metalor, MKS PAMP, and Valcambi are highly trusted by investors and collectors worldwide.
3. Where can I buy GST-free platinum in Singapore? Singapore offers several dealers where you can purchase GST-free platinum, including BullionStar, Central Precious Metals, GoldSilver Central, Indigo Precious Metals, and Silver Bullion.
4. What are the most popular platinum products? Popular platinum products include the 1 Kilo Platinum Valcambi Bar, 1 Oz Queen’s Beast Platinum Coins, and the 1 Oz Platinum Valcambi Bar.
5. Is platinum a good investment? Yes, platinum is a valuable investment due to its rarity and high demand in various industries. It offers diversification for your portfolio and is known for its durability and resistance to tarnish.
Where to Buy Platinum Conclusion
Platinum is a prestigious and valuable metal, making it a sought-after choice for both investors and collectors. Whether you’re looking to buy from Swiss refineries or trusted dealers in Singapore, this guide provides all the information you need to make an informed decision.
With no GST payable on many platinum products in Singapore, you can acquire high-quality platinum at competitive prices. Remember, choosing reputable sources like Argor-Heraeus, Metalor, MKS PAMP, Valcambi, and top Singaporean dealers ensures that your investment is secure and worthwhile.
Need More Information?
Investing in platinum can be a wise decision, but finding the right place to buy it is crucial. If you need more personalized guidance on where to buy platinum in Singapore, or if you have any other questions about platinum investment, don’t hesitate to contact us. Our team of experts is ready to assist you. Contact Us!
