No significant market-moving news on Platinum (XPTUSD) in the past 24 hours.

Over the past two years, the platinum market has experienced substantial deficits, leading to a significant reduction in above-ground stocks. Despite a notable increase in platinum prices, this has not alleviated the ongoing market tightness. Elevated lease rates and strong backwardation in the London OTC market indicate continued scarcity. The reemergence of tariff fears has reversed exchange stock outflows, and robust platinum imports into China continue. Tightness is expected to persist, with potential relief in Q4 2025 as mine supply may increase.

AI-generated from public news sources. Not financial advice.