Platinum Surges 49%: Supply Crunch, China Tax Shift, Forecast $1,600 cover art

Platinum Surges 49%: Supply Crunch, China Tax Shift, Forecast $1,600

Platinum Surges 49%: Supply Crunch, China Tax Shift, Forecast $1,600

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

Hello and welcome to Daily Platinum Price Tracker. I am Vanessa Clark, bringing you the latest insights, trends, and actionable news about the fast-moving platinum market for Tuesday, October twenty-eighth, twenty twenty-five.

Kicking things off with the numbers everyone’s watching, platinum is trading today at around one thousand five hundred seventy-three dollars and eighty cents per troy ounce. That’s a climb of point four three percent over yesterday according to Trading Economics. So, if you’re searching for the most up-to-date platinum price, one thousand five hundred seventy-three dollars and eighty cents is the figure to know. The price range for the day has hovered from one thousand five hundred one dollars to nearly one thousand six hundred, according to LongForecast.

This rebound follows a month-long dip in platinum’s price, which dropped about two and a half percent since late September. Still, zooming out, platinum has surged over forty-nine percent in the last year, outpacing other precious metals like gold and silver. That’s spotlighted platinum as a hot commodity for investors and traders lately, especially as gold and silver momentum has cooled.

What’s behind the recent moves in platinum? Let’s break it down in everyday terms. First, there’s global market uncertainty. As news around United States and China trade talks grows more optimistic, investors have eased off safe-haven assets. At the same time, supply shortages in major producing countries, especially South Africa, have fueled platinum’s price rise. South Africa remains the world’s biggest platinum producer, so any hiccups there ripple through worldwide markets.

Another factor to watch is China’s upcoming move to phase out a longstanding platinum tax rebate for its manufacturers, beginning in November. This could change how platinum moves around the world, potentially opening the market for new competitors. We’ll be keeping a close eye on how that shift affects both demand and pricing.

Platinum isn’t just a portfolio play. It powers the automotive industry, especially in catalytic converters, and is crucial to petroleum refining and several cutting-edge industries. That means demand stays steady or even grows, regardless of what’s happening with investment flows.

On the company side, Valterra Platinum reported a fifteen percent dip in sales volumes this period, slightly below analyst expectations. For market-watchers, that’s a reminder that production numbers and demand shifts can affect prices in unexpected ways.

Looking ahead, forecasts see platinum potentially heading toward one thousand six hundred dollars per ounce by year’s end, with analysts from Trading Economics expecting a continued upward trend as long as supply stays tight and industrial demand holds strong.

For those of you investing or just curious about the daily price of platinum, the takeaway today is that platinum remains one of the most dynamic commodities in the precious metals space. Whether you’re tracking it for investment, industry, or just as a market enthusiast, platinum’s story is far from boring right now.

Thank you for joining me, Vanessa Clark, here on Daily Platinum Price Tracker. Be sure to subscribe so you never miss an update, and tune in next time for the latest news, trends, and actionable insights on platinum prices. Have a great day, and keep your eyes peeled for platinum price moves.

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