Platinum demand is predicted to surge this year, leaving a near 1-million-ounce deficit. Investors are taking a real shine to the precious metal, with investment jumping 71% in the first quarter of 2023 compared to the same period last year. While the uncertain global economic environment, inflationary headwinds and the energy crisis provide a challenging macroeconomic backdrop for the platinum sector, the likelihood for the precious metal to drop in value is low.

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