Valterra Platinum: Possible Backpedalled EU ICE Ban (ANGPY)

Valterra Platinum: Possible Backpedalled EU ICE Ban Summary Valterra Platinum is a PGM miner and highly indexed to spot prices in the PGM markets. The demerger from Anglo American and removal of forced selling pressure have eliminated a key overhang on Valterra. New Chinese futures markets supporting liquidity for investing in PGMs and a pragmatic EU stance on ICE bans support PGM demand. ANGPY's stock has outperformed underlying PGM prices despite low leverage, limiting a strong value case but not excluding it as a decent vehicle to play PGMs with. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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