Platinum is used to make catalytic converters for diesel cars that dominate the more lukewarm European auto market. South Africa produces 70 percent of the metal, and there is far less exposure to Russia.
Platinum futures are up nearly 5 percent year-to-date, and were recently trading at $1,441 an ounce (click here for the latest price).
Analysts project a sharp price increase in the prices of both platinum and palladium metals over the next four years and a more stagnant movement for gold, silver and copper, according to financial-data firm FactSet.
Of the two, Li says investors are more bullish on palladium, which is used more widely and is likely to enjoy a boost from the strong growth of car markets in China and U.S.