Core Viewpoint - The price of platinum has surged significantly, driven by factors such as declining supply, increasing industrial demand, and a shift in investment focus towards precious metals amid a weakening dollar [2][3]. Group 1: Reasons for Platinum Price Increase - The rise in platinum prices is attributed to three main factors: a shift in investment towards precious metals due to risk aversion, a continuous decline in platinum supply, and strong industrial demand [2]. - South Africa, which produces over 70% of the world's platinum, faces challenges such as power shortages and rising operational costs, leading to a projected market shortfall of 30 tons by 2025 [2]. - Industrial demand for platinum is expected to reach 95 tons by 2025, accounting for 38% of total demand, driven by its critical role in hydrogen energy applications and automotive catalysts [2]. Group 2: Value of Platinum in Hydrogen Industry - Platinum is recognized for its chemical stability and catalytic properties, making it essential in high-tech industries, particularly in green hydrogen technology [3]. - It serves as a core catalyst in proton exchange membrane (PEM) fuel cells, influencing power density and energy conversion efficiency [3]. - The demand for platinum in hydrogen fuel cell vehicles is projected to reach 43.8 tons by 2025, highlighting its importance in the growth of electric and new energy vehicles [3]. Group 3: Strengthening Platinum Supply Chain - The global distribution of platinum resources is highly concentrated, with significant reliance on imports, particularly in China, where over 80% of platinum is imported [4][5]. - To address resource shortages, it is crucial to enhance the strategic importance of platinum in mineral directories and improve domestic mining efficiency [5]. - Encouraging local companies to invest in platinum-rich regions and increasing recycling efficiency are recommended strategies to secure the platinum supply chain [5].