"Platinum has experienced significant gains recently, driven by supply constraints and shifting industrial demand. Investors in GraniteShares Platinum Trust ( NYSE:PLTM) have benefited from this rally, which stems from supply constraints colliding with shifting industrial demand patterns. The ETF's structure-holding physical platinum bullion-means investors capture spot price movements without the operational complexity of mining companies, making it a pure play on the metal's supply-demand dynamics."
"Platinum's largest industrial use remains catalytic converters, and the elimination of federal EV tax credits in mid-2025 has extended this demand runway. Traditional automakers like General Motors ( NYSE:GM) now have breathing room to continue profiting from their SUV and truck lines while absorbing EV development costs at a slower pace. This policy shift has temporarily stabilized platinum's core automotive demand, giving the metal a reprieve from electrification pressures."
Platinum prices have risen sharply as supply constraints meet shifting industrial demand, benefiting investors in a physical-holding ETF that tracks spot movements. The ETF structure avoids mining-operational risks and allows direct exposure to metal supply-demand dynamics, with shares up 32% year to date. Automotive catalytic-converter demand remains the largest industrial use and has been temporarily supported by the elimination of federal EV tax credits in mid-2025, which slows EV adoption timelines. Auto manufacturers are recalibrating development schedules rather than abandoning EVs. The hydrogen economy offers an alternative growth path through fuel cells, with electrolyzer businesses illustrating emerging demand potential.
Read at 24/7 Wall St.
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