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Platinum Poised for Takeoff: China Policy Shift Tightens Supply

Platinum Poised for Takeoff: China Policy Shift Tightens Supply

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This is your Daily Platinum Price Tracker with Vanessa Clark podcast.

Welcome back to the Daily Platinum Price Tracker. I’m Vanessa Clark, and today is Monday, November third, twenty twenty-five. In each episode, I break down the latest platinum prices, the trends shaping today’s market, and tips to help you stay informed as a platinum investor or enthusiast.

Let’s start with the numbers everyone tunes in for. As of this evening, platinum is trading at one thousand five hundred seventy-six dollars and thirty cents per troy ounce. That’s a slight uptick of zero point zero six percent from the previous day’s close, and today’s price ranged from fifteen sixty to sixteen eighteen dollars. This continued climb marks another day of modest but persistent gains for platinum.

Industry watchers are talking about several drivers behind platinum’s strength this week. One of the biggest stories is from China. Last Friday, Beijing announced it will end a tax rebate on platinum imports, a policy that’s been in place for over twenty years. For many Chinese companies, this rebate meant they could import platinum VAT-free, giving them an edge in the marketplace. Now, with the rebate gone, the landscape is shifting. This move instantly raised demand, as buyers rushed to secure supply before the change took effect on November first. Shanghai platinum premiums shot higher, pushing global prices up and tightening the market even further.

Global supply also remains stretched. According to analysts, annual mine supply is growing at less than one percent, with no major new discoveries expected. Meanwhile, Western investors, including pension funds and retail traders, are still under-invested in platinum compared to other precious metals. Many experts say this combination of tight physical supply and potential new demand from Western investors could lead to further gains in platinum prices going into the end of the year.

Looking forward, if you’re tracking platinum as an investment or just keeping an eye on industrial demand, experts suggest watching developments with the Federal Reserve’s monetary policy, trade talks between the United States and China, and economic signals out of major platinum-consuming countries. Precious metals markets are sensitive to interest rate decisions and global growth concerns, so these factors could influence the next big move.

For practical tips, if you’re considering platinum, experts recommend keeping an eye on both the spot price and premiums in markets like Shanghai, as well as major economic data releases, including PMI numbers and inflation reports. Diversifying your metals exposure and watching for physical shortages can also help you make smarter buying decisions.

Thanks for listening to today’s episode of Daily Platinum Price Tracker. Remember to subscribe wherever you get your podcasts, and join me, Vanessa Clark, again tomorrow for more platinum price news and market insights. Stay informed and take care!

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