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China Imports the Most Platinum in a Year as Squeeze Tightens

China Imports the Most Platinum in a Year as Squeeze Tightens

Bloomberg20-05-2025
Chinese jewelers and investors imported the most platinum in a year last month, as the precious metal's relative stability enhanced its attractiveness over surging and volatile gold.
Imports of platinum into China — the world's biggest consumer — totaled 11.5 tons in April, according to data released Tuesday. Global demand for the metal, which is also used in catalytic converters and laboratory equipment, is expected to outstrip supply for the rest of this decade, according to Bloomberg Intelligence analysts.
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