Bloomberg: Tom Roderick on Platinum’s Supply Crunch and Rising Prices

The article examines how tightening platinum inventories, strong demand from the US and China, and ongoing supply deficits have contributed to a significant rise in platinum prices during 2025. Bloomberg notes that concerns over metal availability have driven borrowing costs higher and increased competition for existing supplies.

Commenting on the market backdrop, Tom highlighted the role of scarcity in supporting investor demand, stating: “Like gold, the more scarce platinum is, the more people want it.” He also noted that the market has moved from a prolonged period of weakness to one characterised by genuine supply shortages.

The article further explores how persistent supply deficits, rising Chinese imports and limited mine production have strengthened the case for platinum, with market participants increasingly focused on the potential for further price gains.

The full Bloomberg article, including Tom’s comments on the platinum market outlook, can be accessed here.