Will platinum make a comeback in 2025? It surged from $900/oz at the beginning of the year to $1450/oz in July, a rise of over 50% in six months. Several key factors are behind this market trend:

**Why Platinum Suddenly Took Off:**
- Supply crisis: Major producing areas like South Africa cut production
- Structural gap: The expected gap in 2025 is 539 tons.
- Geopolitics + the weakening of the US dollar exacerbates the situation
- Industrial demand unexpectedly stable (automotive catalysts, fuel cell applications)

**Platinum vs Gold:**
Gold has surged to a historical high of $3,500/ounce, but platinum, despite being rarer than gold, has been hovering around $1,000 for the past few years. The main reason is the decline in demand for diesel vehicles, which has affected industrial demand for platinum.

**How to view 2025:**
Neutral to optimistic. If industrial orders (especially between China and the U.S.) recover beyond expectations, platinum still has room to rise; however, the risk of a pullback from high levels is also increasing, with a key focus on the direction of the dollar and lease rates (market tightness indicator).

**Investment Method Selection:**
- Short-term traders: CFDs/Futures play volatility
- Conservative: Platinum ETF for asset allocation hedging
- Physical collectibles: Buy gold bars/coins (requires secure storage costs)