涨势加速，铂和钯又成“新宠”？

Group 1: Market Trends - Platinum and palladium prices have accelerated recently, becoming standout performers among precious metals after gold and silver [2][3] - On December 18, the main platinum futures contract on the Shanghai Futures Exchange surged by 5.32%, reaching a record high of 549.90 yuan per gram, with a cumulative increase of 24.91% in December [3] - Palladium also saw significant gains, with a 6.99% increase on December 18, reaching 476.60 yuan per gram, and a cumulative rise of 27.69% in December [3] Group 2: Supply and Demand Dynamics - The price movements of platinum and palladium are influenced by various factors, including supply and demand dynamics [4][5] - Platinum demand is in a structural expansion phase, with stable demand from the automotive catalyst sector and growth potential from the hydrogen energy industry, while palladium faces a shift from a long-term shortage to an oversupply situation [5][6] - By 2025, global platinum shortages are expected to widen to 46.4 tons, while palladium is projected to have a surplus of 6 tons [5][6] Group 3: Industry Developments - Companies are reporting advancements related to platinum and palladium, such as CITIC Metal's involvement in the AfriTin Mining project, which is set to produce platinum and palladium by late 2025 [7] - Haotong Technology has been approved as a designated delivery warehouse for platinum and palladium futures, enhancing its market competitiveness and risk resilience [8] Group 4: Future Outlook - Short-term outlook for platinum and palladium prices appears strong due to tight supply and macroeconomic factors, but caution is advised regarding potential profit-taking and market volatility [10] - Long-term, platinum's price may have upward potential due to structural demand growth, while palladium faces downward pressure from a loosening fundamental outlook [10]