As of this writing - summer of 2021 - platinum’s performance in the bullion world has been rather dull; stuck as it were in a narrow trading range between $800 and $1,000 an ounce. Those doldrums might be coming to an end soon. The biggest drain on the annual supply has been the automotive industry where it is primarily employed to curb emissions. For years platinum was the junior partner along with palladium but this latter’s price has been so exorbitantly high of late that manufacturers have been leaning ever more on platinum to replace it for this role.

And the jewelry industry is happy to report that its platinum sales have been surging due to its strong growth - especially in China where its allure continues to outshine gold.