Core Insights - The article highlights the rising importance of platinum in the hydrogen energy revolution, particularly in fuel cell technology and green hydrogen production [1][3][4]. Group 1: Platinum Market Dynamics - Platinum prices have surged nearly 100% this year, rising from approximately $900 to $1800 per ounce, making it the second-best performing precious metal after silver [3]. - The World Platinum Investment Council (WPIC) forecasts a supply deficit of 26.4 to 30 tons in the global platinum market by 2025, marking the third consecutive year of shortage [3][4]. - Approximately 70% of global platinum production comes from South Africa, which faces structural challenges such as unstable electricity supply and rising mining costs, limiting production capacity [4]. Group 2: Industrial Demand for Platinum - The automotive sector remains the largest industrial consumer of platinum, primarily for diesel vehicle emissions control [5]. - Recent changes proposed by the European Commission to relax carbon emission standards for new vehicles could provide additional support for platinum demand [5]. - Platinum is also a critical material in the hydrogen energy sector, with growing government commitments to net-zero emissions driving the development of hydrogen projects [5][6]. Group 3: Technological Developments and Market Sentiment - Efforts are underway in China, Japan, and Europe to reduce platinum usage in fuel cells or find alternatives, which presents a dual impact on demand [6]. - The current market pricing reflects optimism about industry expansion, with increased investment interest in platinum as a relatively undervalued asset compared to gold [6][7]. - The narrative surrounding platinum has shifted from being an auxiliary material for traditional combustion engines to becoming a core component of future energy infrastructure, positioning it as a "technology metal" and "energy metal" [7][8]. Group 4: Price Predictions and Future Outlook - Analysts have differing predictions for platinum prices in 2026, ranging from $1550 to $2300 per ounce, indicating uncertainty in future market conditions [8]. - The practical application of hydrogen technology, as evidenced by the use of Toyota's Mirai at the G20 summit, suggests that the revaluation of platinum's worth is underway [8].

与此同时，白银价格也在周一反弹，收复了上周五的大部分跌幅，伦敦现货价格一度突破64美元/盎 司。值得注意的是，白银年需求中工业用途占比已高达60%。尽管当前价格较上周高点略有回落，但仍 维持在较高水平震荡，显示出工业需求的稳步增长与金融属性的短期波动共同塑造了白银市场的复杂态 势。 技术分析 现货黄金：黄金价格再度向4350美元上方发起冲击，却未能站稳脚跟，随后掉头回落。一旦金价跌破 4300美元关口，下一步或将剑指4250美元水平。 现货白银：白银在上周五经历抛售后迅速反弹，交易者纷纷选择逢低买入。尽管其相对强弱指标依旧处 于超买区间，但短期内仍有足够潜力积蓄动能。从技术分析角度来看，白银价格需成功收于64.80美元 之上，方能进一步获取上涨动力。 现货铂金：铂金价格成功突破1740-1750美元的阻力区间，并蓄势挑战1800美元大关。一旦能够稳固收 于这一关键心理价位之上，铂金后续有望向1850美元的目标水平发起冲击。 今日周二（12月16日）亚欧时段，在美元走弱及美联储降息预期升温的双重利好下，黄金、白银价格率 先飙升，如今这股涨势已蔓延至铂金与钯金市场。其中，铂金属年内表现尤为抢眼，价格呈现阶梯式攀 ...

Group 1: Iridium Metal Industry - Iridium, a platinum group metal, is referred to as an "industrial vitamin" due to its critical applications in chip manufacturing, hydrogen energy, and environmental management, with prices stabilizing at 1133-1147 yuan per gram as of July 2025 [1] - In the semiconductor industry, iridium is essential for 3nm chip circuit nodes, enhancing mobile signal penetration through concrete by 40% [1] - The electrochemical sector accounts for 45.21% of iridium's downstream demand, significantly contributing to hydrogen production and fuel cells, with iridium catalysts in solid-state batteries increasing charging speed by three times [1] Group 2: Recycling Market in Huzhou - Huzhou's recycling market showcases various companies with distinct service offerings and pricing structures, with base recovery prices for iridium ranging from 999 to 1000 yuan per gram, and potential premiums based on material quality [3][4] - A notable case involved a recycling company processing semiconductor waste with 1.5% iridium content, achieving a recovery price of 280 yuan per gram, resulting in a profit of 820,000 yuan per ton [3] Group 3: Price Composition and Market Dynamics - The iridium content in electronic waste is typically below 0.1%, while semiconductor target material waste can contain 1.5%-3% iridium, influencing recovery prices [4] - Government subsidies of 15,000 yuan per ton for processing iridium-containing waste and a 40% cost reduction for companies using microwave pyrolysis technology are key market drivers [4][6] Group 4: Environmental Policies and Technological Innovations - Huzhou plans to establish 1,200 recycling points by 2025, integrating with municipal waste collection systems to enhance recycling efficiency [6] - Tax incentives for companies meeting resource utilization criteria include a 15% reduction in corporate income tax, promoting industry growth [7] - Technological advancements such as bioleaching and microwave pre-treatment are reducing recovery costs and improving processing efficiency, with some methods achieving a threefold increase in waste treatment capacity [8][9] Group 5: Future Trends and Demand Projections - The global hydrogen energy sector is projected to require 50 tons of iridium annually by 2030, prompting Huzhou to develop a national-level precious metal recycling base [10] - The value of iridium in electronic waste, particularly in gold-plated circuit boards, is often underestimated, highlighting the need for precise detection methods [10] - The aerospace industry is also a growing market for iridium, with its application in titanium alloy blades demonstrating exceptional corrosion resistance at high temperatures [11]

Group 1 - The gold market is experiencing significant volatility, with domestic gold T+D prices at 774.37 RMB per gram, up 0.57% from the previous day, and international gold futures prices surpassing 3375 USD per ounce, rebounding nearly 2% from last week's low [1][3] - Geopolitical risks are escalating, particularly in the Middle East, with the Houthis launching 45 attacks on Israeli targets, leading to increased supply chain risks and a surge in safe-haven investments in gold [3][5] - Central banks globally have been increasing their gold reserves for eight consecutive months, with the People's Bank of China adding 70,000 ounces in June, and nearly 43% of central banks planning to increase reserves in the next year, supporting long-term gold prices [3][5] Group 2 - The market is witnessing a heated debate over monetary policy, with expectations for a rate cut in September rising above 90%, despite warnings from St. Louis Fed President Bullard about delayed inflation impacts from tariffs [3][6] - Technical analysis indicates that gold is oscillating between 3300 and 3380 USD, with a significant resistance level at 3380 USD and a support level around 3280 USD [4][6] - Gold trading platforms, such as Jinseng Precious Metals, are crucial for investors, offering features like smart alert functions that have helped investors achieve an average profit of 8% during recent market fluctuations [4][5] Group 3 - The acceleration of the global central bank de-dollarization process is expected to lead to over 500 tons of gold purchases in the first half of 2025, with emerging markets like China and India driving demand [5][6] - The hydrogen revolution is anticipated to significantly increase platinum demand, with the platinum market expected to enter a three-year shortage period starting in 2025 [5] - Jinseng Precious Metals offers a zero-commission policy and multi-market trading capabilities, allowing investors to engage in risk-free arbitrage when price differentials exceed 5 RMB per gram [5][6] Group 4 - Upcoming U.S. CPI data is expected to show a year-on-year increase of 3.1%, with core CPI rising by 0.3%, which could influence Federal Reserve rate cut expectations and subsequently gold prices [6][7] - Investment strategies suggest a buy-low, sell-high approach within the 3320-3380 USD range, with specific support and resistance levels outlined for trading [6][7] - The current gold market is at a critical juncture characterized by rising geopolitical risks and diverging policy expectations, with Jinseng Precious Metals providing diverse solutions for investors with varying risk appetites [7]