Platinum Soars: Supply Squeeze, Demand Resilience Drive 62% Yearly Surge cover art

Platinum Soars: Supply Squeeze, Demand Resilience Drive 62% Yearly Surge

Platinum Soars: Supply Squeeze, Demand Resilience Drive 62% Yearly Surge

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

Hello and welcome to Daily Platinum Price Tracker with Vanessa Clark, where we dig into everything you need to know about platinum, from real-time prices to the latest news, and offer practical insights for anyone curious about this dynamic commodity. I’m Vanessa Clark and I’m glad you’re here.

Let’s kick off today’s episode, Friday, October thirty-first, twenty twenty-five, by looking at the most recent trading action. Platinum is currently trading at about one thousand six hundred eight dollars and twenty cents per troy ounce, which is up one point five three percent from the previous day. That puts platinum up more than sixty-two percent compared to the same time last year, making it one of the hottest commodities this year.

So, what's driving platinum’s impressive rally? Several factors are playing a role. The first is continued supply shortages, with major producers like South Africa seeing lower mined output. South Africa supplies around eighty percent of the world’s platinum, so even small disruptions there can send prices surging. Industry watchers like the World Platinum Investment Council continue to forecast deficits well into next year, so tightness in supply may persist.

Another big theme is steady and resilient demand, particularly from the automotive sector, where platinum is essential for catalytic converters. Demand is also robust from petroleum refineries, and the chemical and electrical industries. Investor interest has stayed strong as platinum offers a bit of protection in what many describe as uncertain market conditions.

Globally, the market is reassessing platinum as a strategic asset, especially with trade tensions easing somewhat between the US and China. This led investors to ease exposure to safe-haven assets briefly, but platinum’s tight supply and high demand keep it trending upward. UBS recently lifted its price forecast for platinum by two hundred dollars to fifteen fifty per ounce, citing how surprisingly tight the platinum bar market remains. Lease rates for platinum bars have been climbing, and the uncertainty about whether the US will introduce tariffs on platinum imports is keeping things extra interesting. UBS expects that Platinum will likely stay exempt from US tariffs, but the delay in the government’s Critical Minerals investigation continues to cast some doubt.

What does this mean for anyone investing or interested in platinum? If you’re watching prices as an investor or as someone who uses platinum in manufacturing, it’s a good reminder to keep a close eye on supply chain risks. With inventories low and demand holding, prices may remain volatile, especially if there are new policy changes, such as China’s announcement to end its long-standing platinum tax rebate starting November first. That could change the playing field for new market entrants in China and shake up international demand.

If you’re considering jumping into platinum investments or just watching the trends, now is a great time to stay informed. Follow news about trade agreements and supply disruptions. If you’re an industry buyer, extra vigilance right now may help shield you from price spikes. For long-term investors, platinum’s outperformance compared to gold and silver this year points to continued upside, especially as the market adjusts to supply constraints.

Thank you for tuning in to today’s episode of Daily Platinum Price Tracker with Vanessa Clark. Make sure to subscribe and join us again tomorrow for the latest updates and insights. If you have questions or want us to cover specific topics, just reach out—I love hearing from listeners. Have a fantastic day and keep shining bright.

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