What's driving the platinum price? Two things, say analysts. Firstly automakers were caught short by the decline in demand growth for electric vehicles; certainly more than their official statements allow. Secondly, a deficit in primary supply. In addition, investors are reticient to release metal; some, holding ETFs as far back as 2015, are waiting on a higher price before crystallising profits. UBS estimates current refined platinum stockpiles among automakers are at their lowest since 2008, equal to 2.9 million ounces or about six months of net demand. There’s also only a month’s supply of palladium in inventory ... (full story)