The global platinum market faces unprecedented structural imbalances that extend far beyond typical commodity cycles. Current supply-demand dynamics reveal a critical shortage exceeding 1 million ounces annually, representing approximately 13% of total global consumption. This platinum supply deficit stems from declining primary production capacity, concentrated geographic supply sources, and evolving industrial demand patterns that traditional market mechanisms cannot quickly resolve. Primary Production Constraints Drive Market Tightening: Global platinum mine output has contracted systematically over the past five ... (full story)