Platico Insights.

Platinum has traded in a volatile range in recent weeks, with sharp market swings driven by persistent shortages and rising demand. The World Platinum Investment Council’s Q2 2025 report highlighted these dynamics: despite only a modest deficit, prices still surged 37% over the quarter. This points to an increased appreciation of platinum as a store of value.

China’s rapid platinum accumulation and booming jewellery demand have driven prices to new highs and made platinum a strategic asset; this market shift could soon become global as the West follows China’s lead.

Following Russia’s example, South Africa could transform its mining sector and economy by adding platinum to its reserves, leveraging the metal’s scarcity, ESG edge, and growing strategic importance over gold.