The price of the silvery-white metal recently topped US$1,200 for the first time since early 2015 on the back of growing industrial demand and concerns around shortages. READ: Anglo American's platinum business posts record profits and plans to mechanise Roughly 49% of institutional investors and wealth managers expect to step up their exposure to platinum this year, and a further 37% anticipate seeing a slight increase, according to a study commissioned by Global Palladium Fund (GPF). "Platinum is a key industrial metal, and its price has been rising on growing demand as hopes of a sharp economic recovery increase," said Alexander Stoyanov, chief executive officer of GPF.