Platinum set for biggest monthly gain in 39 years on EU auto policy boost
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Platinum prices are set for their largest monthly gain in 39 years, driven by the EU's reversal on its 2035 combustion-engine ban, tight supply, and increased investment demand. December has seen a 33% rise in platinum prices, marking the biggest jump since 1986, with a projected yearly growth of 146%. The surge is supported by defensive stock-building and tighter supply, alongside the recent launch of PGMs futures trading in China, which has attracted significant speculative interest. Analysts anticipate that clarity on U.S. tariffs in January will be crucial for the market's direction.
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