Platinum Climbs to Highest Level in 17 Years as Supply Tightens
Platinum continued its steep rally and climbed to its highest price level in 17 years amid tightening supply and trading activity on a newly launched futures contract in China. Since last Thursday, spot contracts for the metal have climbed about 2% on a daily basis and on Wednesday, they appreciated by 1.9%. The price of platinum has more than doubled in 2025 and is on course for its biggest climb in a year from the time Bloomberg started tracking its prices back in 1987. Several factors have helped to fuel this price rally. On the London market, tightening supply drove…