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Investing in platinum cFTC commitment of traders reports

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CFTC commitment of traders reports reveal speculative net-long positions in platinum at their highest since November 2023, suggesting sentiment among leveraged funds is aligned with sustained upside in investing in platinum. Read the original Narrative for Sylvania Platinum to see why it’s worth following for: However, high costs and range anxiety are leading auto buyers to choose hybrids over battery EVs. Because hybrid engines still require catalytic converters, the auto sector continues to be a reliable source for platinum demand. Auto industry data shows global hybrid and hydrogen-powered vehicle sales are up 14% YoY, both of which rely on platinum catalysts. This strengthens the bullish case for investing in platinum amid the drive for low-emission technology.