“After moving sideways during 2024, platinum prices ended the year at the lower end of their annual trading range. Platinum prices settled at $910.50 on 31 December 2024, down from $1,009.20 at the end of 2023. Platinum prices spent much of the year between $900 and $1,050.
Platinum prices are expected to remain rangebound during 2025 as well, in the absence of any actual supply disruption. There are ongoing risks of such supply disruptions, especially from South Africa which is faced with electricity shortages as well as labor risks. Work stoppages due to natural disasters have also been a source of supply disruptions at mining facilities around the world.”
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