commodities

platinum prices drop as global deficit grows

Platinum Focus: Weak Seasonals Despite Structural Deficits

You may be surprised to learn that platinum, despite facing a structural deficit in 2025, historically underperforms during late spring to early summer. From April 29 to June 24, the metal has dropped over the past 15 years, with a low win rate of just 20%. This weakness often stems from cyclical industrial slowdowns and seasonal investor flows. Even with declining supply and tight above-ground stocks, the pattern remains firmly intact.

Read MorePlatinum Focus: Weak Seasonals Despite Structural Deficits
Tariffs, Timing, and Trouble for Copper Prices

Copper’s Tariff Premium Faces Seasonal Reckoning

Copper prices have rallied sharply this year, largely driven by tariff fears. However, history shows a strong seasonal tendency for copper to weaken between mid-April and late June — a period that often delivers negative returns. As traders await final decisions on tariffs and face swelling US inventories, the risks of a correction are rising. Seasonal data, soft Chinese demand, and speculative positioning could all collide to drive prices lower.

Read MoreCopper’s Tariff Premium Faces Seasonal Reckoning
WTI Crude Oil: A Seasonal Bull Run Amid Geopolitical Speculation

The Deal That You Didn’t Know Could Happen: Oil’s Seasonal Tailwind Amid Grand Bargain Speculation

Oil markets may be on the verge of a major geopolitical shift as speculation grows over a potential US-Saudi-Russia deal. Meanwhile, crude oil's seasonal pattern points to a historically strong period from March to July, with an average gain of +4.84%. Will this alignment of market forces drive oil prices higher?

Read MoreThe Deal That You Didn’t Know Could Happen: Oil’s Seasonal Tailwind Amid Grand Bargain Speculation