Platinum Makes a Spectacular Comeback 🚗

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After years of lethargy, platinum is finally awakening. The spot price has just crossed 1,096 USD per ounce, the highest since May 2023, with a rise of 20% this year.

What changes?

  1. Supply is strangling - South Africa (>50% of global production) is facing infrastructure challenges. Above-ground stocks are expected to drop by 25% by 2025, according to the World Platinum Investment Council.

  2. Demand remains strong - Thermal and hybrid cars continue to be hungry for platinum catalysts. In China, demand for jewelry is rebounding after a decade of decline. Investment demand has exploded by 300% in Q1 2025.

  3. ETFs rise - PPLT and PLTM have climbed 18.7% since January. Investment flows are accelerating.

The reality? A projected supply deficit of 848,000 ounces in 2025, the 3rd consecutive year. Meanwhile, gold prices are pushing buyers towards platinum as an alternative.

It's simple: less metal, more buyers = rising prices.

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