Platinum Prices Rally to 51-Week High on Chinese Demand Surge
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Platinum Prices Reach 51-Week High
Platinum futures climbed to $1,072 per ounce, marking their highest level in nearly a year. This surge is attributed to a notable increase in Chinese imports and robust demand from the automotive sector .
Chinese Demand Drives Market
China’s platinum imports in April reached a 12-month peak of 11.5 metric tonnes, indicating a strong appetite for the metal. Additionally, the number of platinum retail outlets in Shenzhen increased by 300% in a single month, reflecting heightened consumer interest .
Supply Constraints Amplify Price Movement
The platinum market faces a deepening deficit as supply falls and demand remains steady. Total mining supply fell 13% year-on-year in the first quarter of 2025, leading to the largest single quarterly deficit in six years .
Note: All prices are in U.S. dollars (USD). This content is for informational purposes only and does not constitute financial advice. Always conduct your own due diligence or consult a qualified advisor before making investment decisions.