币界网报道：Platinum prices have surged by 20% in recent months, driven by strong industrial demand and persistent supply constraints. The precious metal, widely used in automotive catalysts and hydrogen fuel cells, has seen increased buying interest from both manufacturers and investors. Analysts attribute the price rally to tightening supplies from major producers like South Africa, which accounts for over 70% of global platinum output, where operational challenges and energy shortages have hampered production. Meanwhile, the automotive sector's shift toward stricter emissions standards has boosted demand for platinum-based catalytic converters, particularly in China and Europe. Investment demand has also risen, with exchange-traded funds (ETFs) reporting significant inflows. Market experts suggest the rally could continue as the green energy transition accelerates demand for platinum in hydrogen technologies, while mine supply struggles to keep pace. Some traders caution, however, that speculative buying may lead to short-term volatility. The price surge marks a sharp reversal from platinum's underperformance in recent years compared to other precious metals like gold and palladium. Industry leaders are now closely watching whether the rally will incentivize new mining projects or recycling efforts to alleviate supply pressures.