Platinum and other platinum group metals (PGMs) have surged alongside gold – but is this the same safe-haven trade, or something fundamentally different?
In this episode of Ask an Analyst, Adrian Hammond, Head Resources, Gold, Platinum & Chemicals Analyst, SBG Securities, explains why PGMs are rising for very different reasons than gold, and what’s underpinning the move.
In this video, Adrian unpacks:
- Why platinum, palladium and rhodium are not simply tracking gold.
- How shifting supply-demand dynamics are pushing PGMs into deficit.
- The role of OEM destocking, plug-in hybrids, and substitution from palladium to platinum.
- Why South Africa’s platinum supply is structurally important.
- Key “green flags” investors should be watching across PGMs.
Key takeaway: Unlike gold, the PGM rally is being driven by tightening fundamentals, recovering auto demand and constrained supply – with platinum well-positioned over the medium term.
Watch now for expert insights into the PGM market.
The views and opinions shared are for informational purposes only. They are not intended to serve as investment advice and do not represent the views or opinions of Standard Bank. This information should be used as a starting point for generating investment ideas, and should not be relied upon as the basis for making investment decisions. The Standard Bank of South Africa Limited will not be responsible for the results of any investment decisions made based on the views provided.
