PPLT Stock Recent News

PLTM hit a 52-week high as platinum prices soar on supply shortages, Chinese demand, and investment inflows.

PPLT has soared 40% in 2025, outpacing GLD and SLV, as platinum gains from tight supply, clean energy use and rising demand.

Platinum ETFs surge as prices jump on tight supply, rising Chinese imports, and renewed investor and industrial demand.

Platinum prices are gaining momentum after years of underperformance. On May 21, 2025, spot platinum rose by $18 an ounce to $1,076, following a 5% hike on May 20, per Bloomberg data, as quoted on barrons.com.

Platinum has underperformed gold and silver over the past decade, but recent investor and jewelry demand—especially from China—shows signs of revival. ETF inflows and a shift from net-short to net-long speculative positions indicate renewed investor interest, while supply deficits are projected to persist. Industrial demand is weakening, particularly due to the shift to electric vehicles and declining glass industry usage, posing a headwind for platinum.

Unlike many commodity ETFs, PPLT holds physical platinum bullion in London vaults, eliminating risks associated with futures contracts. Platinum has significant industrial uses (catalytic converters, jewelry) and potential as an investment asset, making it distinct from purely monetary precious metals. Platinum has historically shown a strong correlation with gold and silver, but has recently lagged their performance, suggesting potential for significant catch-up gains.

Platinum's diverse industrial uses, especially in automotive and industrial sectors, support resilient demand. Chinese investment demand for platinum is surging. Market deficits and depleting inventories suggest inevitable price increases, barring a severe economic recession, with potential long-term gains from hydrogen economy applications.

The abrdn Physical Platinum Shares ETF saw a 12% increase in ounces under management in 2024, yet the metal failed to join in the precious metal rally. Weakness in auto demand amid the shift to electric vehicles, together with falling Chinese jewelry demand, largely explain the weakness. With the metal now trading below the cost of extraction for many large miners, we are likely to see a sustainable floor in prices.

The smartest way to play platinum in your brokerage account is through ownership of the abrdn Physical Platinum Shares ETF. Historically, platinum has been priced higher than gold due to its scarcity, both serving as strong monetary and wealth hedges over the centuries. Despite recent underperformance, platinum could easily rise +50% to +100% over the next 2-3 years if supply shortfalls continue.

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