Platinum's 50% Rally in 2025: Is the Rally Just Beginning?

While everyone’s obsessed with gold hitting $3,500/oz, platinum has been quietly sneaking up — jumping from ~$900 in January to $1,450 in July 2025. That’s a 50%+ move nobody saw coming.

Why the sudden surge?

It’s a perfect storm of supply crunch meets renewed demand:

• Supply crisis: South Africa production under pressure; structural deficit persists (7.3M oz supply vs 7.9M oz demand expected in 2025)
• Extreme scarcity signals: Lease rates spiking — a red flag that physical platinum is hard to find
• Dollar weakness: Weaker USD makes commodities cheaper for foreign buyers
• ETF inflows: Investment demand finally waking up after years of sideways trading
• Industrial resilience: China and jewelry demand holding steady despite slowdown fears

The catch? Volatility risk is real

Unlike gold’s steady climb since 2019, platinum’s been a rollercoaster. Back in 2008 it hit $2,273/oz, then spent a decade trapped between $600-$1,200.

Key question for 2025: Will this rally hold, or is it mostly speculation that’ll unwind?

What’s the play?

For traders: High volatility = trading setups. CFDs or futures with proper risk management (1-2% per trade, stop-loss discipline) could work.

For long-term holders: Platinum’s industrial uses in catalytic converters, fuel cells, and green hydrogen tech are legit long-term tailwinds. Could be worth adding as a hedge to stocks.

Data watch: Keep an eye on US-China trade tensions and lease rates — these will signal if the rally’s sustainable or just hype.

Bottom line: Platinum isn’t boring precious metal anymore. But don’t FOMO in. Wait for pullbacks or build positions gradually.