22-07-2025
Platinum Market's ‘Deep' Tightness Shows Little Sign of Relief
The platinum market has tightened to unprecedented levels in the past few days as tariff fears and speculative buying pull metal from the key London and Zurich markets into warehouses in the US and China.
Following a record rally last month, spot prices have soared to fresh all-time highs and the implied cost of borrowing the metal for one month has hit the steepest level in data going back to 2002. The inflow of platinum into facilities linked to the New York Mercantile Exchange on Thursday was the second-highest on record.
