Why the Zimplats (ASX:ZIM) share price just hit an all-time high

The Zimplats Holdings Ltd (ASX: ZIM) share price surged over 10% higher today to hit an all-time high. For the first time ever, shares in the platinum miner closed at $20.05 – up on yesterday’s close of $18.15.

The S&P/ASX 200 Index (ASX: XJO) by comparison, performed at a more mediocre level. The index was only up 0.5% at close of trade.

Let’s take a closer look at what Zimplats does and why investors are going crazy for it.

What does Zimplats do?

Zimplats is a platinum miner based in Zimbabwe. It specialises in the extraction of six elements: platinum, palladium, iridium, ruthenium, osmium, and rhodium. The last element, rhodium, is…