Translated to Supported by both supply and demand, platinum prices have risen by over 50% within the year.

Since the beginning of this year, platinum, known as the "golden substitution," has seen a significant increase in price. On July 21st, the latest spot price of platinum on the Shanghai Gold Exchange was 342.02 yuan per gram, up 52.84% from the end of 2024, when it was 223.77 yuan per gram. Luo Fuguo, a digital economist and Chief Public Relations Officer of Guangzhou Yitong Digital Technology Company, said: "After years of low prices, platinum prices have soared this year, mainly due to a contraction in supply. In recent years, overall capital spending in upstream mines has decreased, and global platinum production is expected to decrease year-on-year this year. In the long term, in terms of demand, platinum, as a catalyst material for hydrogen fuel cells, is expected to drive demand for platinum as the hydrogen energy industry develops. We need to observe the industrial implementation process."