Platinum's Incredible Rally Surprises Even The Insiders - Valterra Platinum (OTC:ANGPY), Abrdn Physical Platinum Shares ETF (ARCA:PPLT)

Platinum's Incredible Rally Surprises Even The Insiders - Valterra Platinum (OTC:ANGPY), abrdn Physical Platinum Shares ETF (ARCA:PPLT)

Platinum has surged above $1,650/oz, making it 2025's best-performing precious metal. Demand in China and supply constraints are driving the rally.

Fragile supply gives platinum price new lease on life

IT was once common to describe the platinum price in terms of gold, the so-called gold-platinum ratio. Then came the global financial crisis in 2008. As automakers’ demand underpinning platinum shrank, so did the metal’s price. For 10 years, platinum languished. This year it is back in vogue, assisted by a resurgence in industrial demand, described by one analyst as “hand-to-mouth” purchasing by automakers as their stockpiles ebb. But it is also…