What Would Cause a Platinum Supercycle

What Would Cause a Platinum Supercycle

Platinum prices could skyrocket into a supercycle if supply gets squeezed hard while demand keeps climbing from clean energy tech and other uses. A supercycle means prices stay way above normal for years, often from big mismatches between what miners dig up and what buyers want.

One big trigger is trouble with Russian platinum supplies. Russia makes a huge chunk of the world’s platinum group metals, around 40 percent for related palladium, and sanctions or new U.S. tariffs could cut that off sharp. For example, U.S. miners like Sibanye-Stillwater pushed for tariffs on Russian imports due to dumping and tensions, with a call expected late 2026. If those hit or wider disruptions happen, markets face a real shock, pushing platinum prices up fast.https://planetbanknote.com/banknote-blog/the-great-revaluation-strategic-outlook-on-commodities-equities-and-the-return-of-tangible-assets-20252026/

Demand side looks strong too, tied to the green energy boom. Platinum shines in hydrogen fuel cells, catalytic converters for cleaner cars, and other tech for the shift away from fossil fuels. This fits into a wider green and digital supercycle where metals like platinum get pulled into solar, electric vehicles, and electrification grids.http://markets.chroniclejournal.com/chroniclejournal/article/marketminute-2025-12-17-global-turmoil-fuels-commodity-divide-safe-havens-soar-as-energy-wanes-amidst-geopolitical-tensions Experts see platinum group metals rising as part of this, much like uranium and others in recent quarters.https://blog.gorozen.com/blog/all

Add in years of low investment in mining. Miners skipped big spending on new projects because of tough rules on environment, social issues, and bad profits in the past decade. That leaves supply tight when demand jumps from these structural changes, like the push for net-zero goals.https://planetbanknote.com/banknote-blog/the-great-revaluation-strategic-outlook-on-commodities-equities-and-the-return-of-tangible-assets-20252026/

Geopolitical mess worldwide adds fuel. Global tensions drive a flight to safe-haven metals, and platinum fits as both a safe bet and industrial player. Think central banks grabbing gold and similar assets amid debt worries, which spills over to platinum.http://markets.chroniclejournal.com/chroniclejournal/article/marketminute-2025-12-17-global-turmoil-fuels-commodity-divide-safe-havens-soar-as-energy-wanes-amidst-geopolitical-tensionshttps://planetbanknote.com/banknote-blog/the-great-revaluation-strategic-outlook-on-commodities-equities-and-the-return-of-tangible-assets-20252026/ Investors like those at Man Group favor platinum for its mix of safety in downturns and growth in booms.https://www.man.com/insights/macroeconomics-and-markets

This setup echoes past supercycles but feels fresh with green tech leading. Underinvestment meets sudden demand spikes, and any Russian hitch tips it over.

Sources
http://markets.chroniclejournal.com/chroniclejournal/article/marketminute-2025-12-17-global-turmoil-fuels-commodity-divide-safe-havens-soar-as-energy-wanes-amidst-geopolitical-tensions
https://planetbanknote.com/banknote-blog/the-great-revaluation-strategic-outlook-on-commodities-equities-and-the-return-of-tangible-assets-20252026/
https://blog.gorozen.com/blog/all
https://www.man.com/insights/macroeconomics-and-markets