Core Viewpoint - The platinum market is experiencing a strong upward trend driven by supply shortages, with spot prices nearing a one-year high and futures positions reaching a near five-year peak [1] Group 1: Price Movement - On June 4, platinum spot prices surged past $1,080 per ounce, approaching the highest level in the past year [1] - Year-to-date, platinum spot prices have increased by nearly 20% [1] Group 2: Supply Dynamics - The World Platinum Investment Council's latest report indicates that by 2025, above-ground platinum stocks are expected to meet only three months of demand [1] - In the first quarter, global platinum supply decreased by 10% year-on-year to 45 tons [1] Group 3: Investment Demand - Investment demand has surged, leading to a significant increase in total futures positions and net long positions held by managed funds on the New York Mercantile Exchange (NYMEX), reaching levels not seen in nearly five years [1] - Market sentiment towards platinum investments is gradually improving [1]