铂金年内暴涨60%！美中需求激增抽空伦敦苏黎世库存

Group 1 - The platinum market is experiencing unprecedented tightness due to tariff concerns and speculative buying, leading to significant flows of platinum from London and Zurich to U.S. and Chinese warehouses [1] - After a record increase last month, spot prices have reached new highs, with one-month implied borrowing costs for platinum hitting the highest level since data collection began in 2002 [1] - The influx of over 500,000 ounces of platinum into U.S. warehouses earlier this year was driven by tariff-related premiums, mirroring trends seen in the copper market [1] Group 2 - Despite a slight price retreat, market tensions remain unresolved, with spot premium structures strengthening as buyers pay significantly higher prices for immediate supply compared to future contracts [5] - The rise in leasing rates is partly attributed to industry users questioning the sustainability of the recent price surge, which has seen platinum prices soar nearly 60% year-to-date [7] - The World Platinum Investment Council anticipates a supply deficit of nearly 1 million ounces this year, further depleting already limited ground inventories [7]