 "Rising demand, disrupted supply: Platinum breakout rally rides on shortage")
Platinum closed above the $1,300-per ounce mark on February 15 after a gap of more than six years. Its rally has outpaced gold over the past year.
Rising demand, disrupted supply
A key driver of the rally is the expected global economic recovery.
“Optimism regarding automobile and industrial demand has led to this price rise,” says Naveen Mathur, director of commodities and currencies, Anand Rathi Share & Stock Brokers. The auto industry is a major consumer of platinum, which it uses to produce autocatalytic converters.
China has implemented Phase VI emission standard from January 2021.
“Tougher pollution norms will lead
