u/BetmanDarkStockRisin

The author argues platinum is structurally under-supplied, with a fourth consecutive market deficit and above-ground inventories covering only about four months of demand. He expects tight supply, South African production headwinds, Chinese strategic stockpiling, and hydrogen/catalyst demand to drive prices higher. Catalysts include a possible Section 232 tariff decision in January, seasonal Chinese New Year jewelry demand, and historically positive January returns. The main stated risk is that if tariffs are not imposed, precautionary stockpiles could flow back into the market.