6 Platinum Plays For The (Eventual) Strike Resolution

Over a million ounces of platinum have been lost to the South African mining strike, which is now entering its 20th week. The strike is one of the longest and costliest in recent history. It’s an ugly situation, for sure.

Platinum, the most precious of metals, now enjoys the widest spread to gold prices ($88.85) since August 2011. At some point, the strike will end. So be ready, because there’s a pot o’ gold sitting at the end of this strike.

Companies like Ballard Power (NASDAQ:BLDP), ITM Power (LONDON:ITM), Hydrogenics (NASDAQ:HYGS), Quantum Fuel Systems Technologies Worldwide (NASDAQ:QTWW), FuelCell Energy (NASDAQ:FCEL) and AFC Energy (LONDON:AFEN) have all experienced dramatic declines in their share prices.

Before the strike, these companies were the darlings of the stock market. So what do you think is going to happen when the miners get back to mining? Exactly!