There are a number of reasons why the price of platinum is expected to increase in the future. These include:
Reduced supply: The supply of platinum is expected to decline in the coming years due to a number of factors, including:
The depletion of existing mines
The high cost of exploration and development
The environmental regulations that make it more difficult to mine platinum
Increased demand: The demand for platinum is expected to increase in the coming years due to a number of factors, including:
The growth of the automotive industry, which uses platinum in catalytic converters to reduce emissions
The development of new technologies that use platinum, such as fuel cells and hydrogen production
The growing popularity of platinum jewelry
Geopolitical factors: Geopolitical factors could also contribute to the increase in the price of platinum. For example, if there is a disruption to the supply of platinum from Russia, the price could rise.
Entry: 943-945
SL: 937.6
TP1: 948
TP2: 955
TP3: 962
Reduced supply: The supply of platinum is expected to decline in the coming years due to a number of factors, including:
The depletion of existing mines
The high cost of exploration and development
The environmental regulations that make it more difficult to mine platinum
Increased demand: The demand for platinum is expected to increase in the coming years due to a number of factors, including:
The growth of the automotive industry, which uses platinum in catalytic converters to reduce emissions
The development of new technologies that use platinum, such as fuel cells and hydrogen production
The growing popularity of platinum jewelry
Geopolitical factors: Geopolitical factors could also contribute to the increase in the price of platinum. For example, if there is a disruption to the supply of platinum from Russia, the price could rise.
Entry: 943-945
SL: 937.6
TP1: 948
TP2: 955
TP3: 962