Quick overview

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Platinum continued its fast-paced surge, rising as high as 4% . Platinum has now increased by 18% in a continuous run of gains this month. Financial firms are parking metal in the US to protect themselves from the risk of tariffs, and the London market is showing signs of tightening.

 

This year, exports to China have also been strong, and the recent launch of futures trading on the Guangzhou Futures Exchange has increased confidence in the country’s demand. In reference to platinum, Wu stated that “low elasticity in recycling, limited reinvestment at the mine level, and persistent production constraints are making future supply risks harder to ignore.” It is more likely a re-rating than a brief increase.

South Africa, which produces between 70% and 80% of the world’s platinum, experienced mining disruptions that have reduced output.

According to the World Platinum Investment Council (WPIC), there will be a deficit of hundreds of thousands of ounces in 2025—the third year in a row. purchasing safe havens in the face of geopolitical unpredictability, hedging against inflation, and moving away from expensive gold.