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.