Morgan Stanley projects that demand will exceed supply by 1.33 million ounces this year. Credit Suisse expects the deficit to last through at least 2016 while the CPM Group believes mines won’t meet demand for another decade. [Precious Metals ETFs: Platinum Could Outshine Gold]

Platinum futures were up 3.5%, trading around $1,490 per ounce.

ETFS Physical Platinum Shares

For more information on platinum, visit our platinum category.

Max Chen contributed to this article.