The platinum market has reached its steepest supply crunch in 20 years as rising demand overshadows available resources for the third consecutive year. A perfect storm of steady industrial and investment demand, along with worsening supply constraints, pinches already thin resources. More recently, the Trump administration’s aggressive tariff posture has prompted investors to onshore vast amounts of the metal to skirt potential import taxes. Depleted reserves across the board have spiked borrowing costs to the highest point in years, signaling a considerably strained market. The platinum market has suffered from a ... (full story)