This statistic displays the total cash costs plus capital expenditures of platinum production worldwide from 2016 to 2018, by selected region. In 2018, the total cash cost plus capital expenditure of producing platinum in South Africa reached 985 U.S. dollars per equivalent ounce. Platinum is a precious metal commonly used as a catalyst, in jewelry, automobile exhaust systems, and more.

Platinum increased 78.50 USD/t oz. or 8.78% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Platinum - values, historical data, forecasts and news - updated on March of 2025.

The price of the platinum in USA reached 995 USD/Troy Ounce (H2 2023 Avg Price). It encompasses an in-depth review of spot price of platinum at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of platinum price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

As of January 31, 2024, the average platinum price decreased to around 925 U.S. dollars per troy ounce, an decrease of 40 U.S. dollars compared to the 2023 average price. In 2021, platinum sold at approximately 1089 U.S. dollars per troy ounce, a year-on-year rise of close to 22 percent. Platinum is a precious metal commodity which is used in jewelry and autocatalyst manufacturing.

The average platinum import price stood at $30.3M per ton in July 2024, picking up by 16% against the previous month.

This statistic depicts the average monthly prices for platinum worldwide from November 2014 through January 2025. In January 2025, the average monthly price for platinum worldwide stood at 949.23 nominal U.S. dollars per troy ounce.

Graph and download economic data for Producer Price Index by Commodity: Miscellaneous Products: Jewelry, Gold and Platinum (WPU15940222) from Dec 2011 to Feb 2025 about platinum, jewelry, gold, miscellaneous, commodities, PPI, inflation, price index, indexes, price, and USA.

According to Cognitive Market Research, the global Platinum Mining market size is USD 5515.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.30% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 2206.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1654.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1268.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 275.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 110.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
The Open-Pit held the highest Platinum Mining market revenue share in 2024.

Key Drivers of the Platinum Mining Market

Growing Demand for Catalytic Converters to Increase the Demand Globally

The necessity of platinum in lowering hazardous emissions from gasoline and diesel automobiles is driving the demand for catalytic converters. The automotive industry is seeing increased demand for platinum due to the tightening worldwide pollution rules. Due to these laws, which require catalytic converters to reduce pollution, there is a substantial market for platinum as a catalyst. To help with environmental conservation efforts, the metal catalyzes chemical reactions that transform toxic gasses like hydrocarbons, nitrogen oxides, and carbon monoxide into less dangerous compounds. As a result, platinum is viewed as a critical element in the global effort to achieve cleaner and more sustainable transportation due to its indispensable nature in catalytic converters.

Increasing Demand for Jewelry to Propel Market Growth

Due to its legendary durability and alluring shine, platinum jewelry is increasingly in demand. The popularity of platinum jewelry will only increase due to growing disposable incomes and a growing demand for luxury items, especially in emerging nations. Platinum's classic beauty and standing as a symbol of refinement and sophistication are drawing in more and more customers. Furthermore, the metal is favored for fine jewelry due to its hypoallergenic qualities and tarnish resistance. Platinum jewelry is expected to continue in high demand as the luxury market grows internationally due to changing consumer tastes and lifestyle trends, solidifying its status as a sought-after option for affluent customers.

Restraint Factor of the Platinum Mining Market

Price Volatility to Limit the Sales

Numerous causes can cause fluctuation in platinum pricing, which can present difficulties for producers and buyers alike. The platinum market is susceptible to price instability due to various factors, including shifts in the demand for investments and industrial products, geopolitical tensions, currency fluctuations, and supply and demand dynamics. Furthermore, macroeconomic variables that affect investor sentiment and platinum prices include inflation rates, interest rate fluctuations, and growth in the world economy. Producers may find it difficult to plan their output and investment decisions due to this inherent unpredictability, while consumers may need help setting budgets and establishing pricing plans. Therefore, managing risk in the platinum market needs strategic decision-making and close attention to detail to minimize the impact of price volatility on both supply chain ends.

Impact of COVID-19 on the Platinum Mining Market

The COVID-19 epidemic has had a major effect on the platinum mining business. Reduced output levels have resulted from supply chain interruptions, travel restrictions, and lockdowns impeding mining activities. The epidemic has also reduced industrial output and automobile consumption, which has lowered platinum demand and exacerbated market difficulties. While some mining companies have taken precautionary steps to stop the virus from spreading among their employees, others have had difficulties hiring workers and running their businesses. The pand...

Explore the dynamic market price of platinum, influenced by industrial demand in the automotive sector, geopolitical events, mining outputs, inflation, and currency fluctuations. Gain insights into how investor sentiment and technological advancements shape this precious metal's valuation.

This statistic depicts the average annual prices for platinum from 2014 through 2026*. In 2023, the average price for platinum stood at 1,100 nominal U.S. dollars per troy ounce.

Northam Platinum reported ZAR6.32B in Cost of Sales for its fiscal semester ending in June of 2024. Data for Northam Platinum | NHM - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last March in 2025.

[197+ Pages Report] Global precious metal market size & share to be worth USD 364.89 Billion by 2026 with a growth rate of 8.5% CAGR during the forecast period of 2021-2026.

Anglo American Platinum reported ZAR20.88B in Operating Expenses for its fiscal semester ending in June of 2024. Data for Anglo American Platinum | AMS - Operating Expenses including historical, tables and charts were last updated by Trading Economics this last March in 2025.

In December 2022, the price of platinum was $484K per ton (CIF, Mexico), a 149% increase from the previous month.

Platinum Asset Management stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Conducting polymers consisting of metal-selective coordination units and a highly conductive backbone, so-called metallopolymers, are interesting materials exposing single atoms for photo/electrocatalysis and thus represent a potential low-cost alternative for bulk or nanoparticulate platinum group metals (PGMs). We synthesized and fully characterized an electropolymerisable monomer bearing a pendant terpyridine unit for the selective complexation of PGMs. Electrocatalytic tests of the resulting metallopolymer, poly-[(tThTerpy)PtCl]Cl, revealed activity both in the oxygen reduction reaction and hydrogen evolution reaction. Rotating disk experiments showed the direct four-electron reduction of molecular oxygen to water at low angular velocities of the rotating electrode. Furthermore, the fabrication of Pt metallopolymers proved to be simple, nonhazardous and versatile. This proof-of-concept opens up the possibility for developing future low-cost electro- and photocatalysts to replace current systems.

Under the No Surprise Act - Price Transparency Reporting we are supplying a machine readable file that contains In-network rates for medical services provided by contracted providers and practitioners.

According to Cognitive Market Research, the global Ultra Fine Platinum Powder market size will be USD xx million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031. North America held the major market share for more than 40% of the global revenue with a market size of USD xx million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031. Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million. Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031. Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. The Chemical Catalysts held the highest Ultra Fine Platinum Powder market revenue share in 2024. Market Dynamics of Ultra Fine Platinum Powder Market Key Drivers for Ultra Fine Platinum Powder Market Increased Automotive Industry to Increase the Demand Globally The rising call for gasoline cells and catalytic converters inside the car enterprise is significantly using the marketplace for extremely-first-rate platinum powder. Platinum's extraordinary catalytic homes are vital for reducing dangerous emissions, making it a crucial material in catalytic converters that convert toxic gases from vehicle exhaust into much less dangerous substances. Additionally, in gas cells, platinum acts as a catalyst for the electrochemical reactions that generate energy. As the automobile industry more and more focuses on sustainability and stricter emission guidelines, the demand for green and environmentally friendly technologies like gas cells and catalytic converters is growing, thereby boosting the want for extraordinary, ultra-exceptional platinum powder. Advancements in Electronics to Propel Market Growth In the electronics enterprise, platinum powder is a key fabric utilized in diverse additives which include resistors, capacitors, and conductive pastes. Platinum's remarkable electric conductivity and balance make it the best for these packages, ensuring reliable performance in electronic gadgets. With the continued trend toward miniaturization in electronics, there is an increasing demand for finer platinum debris. These extremely nice debris are vital for creating smaller, more efficient additives that meet the desires of modern digital devices, such as smartphones, capsules, and different compact devices. As the enterprise continues to push the boundaries of miniaturization, the demand for brilliant, ultra-satisfactory platinum powder is expected to push upward, driving innovation and boom inside the sector. Restraint Factor for the Ultra Fine Platinum Powder Market High Cost to Limit the Sales Platinum's reputation as a precious metallic contributes to its excessive fee, which is subject to sizeable charge volatility due to market fluctuations, geopolitical elements, and supply constraints. This volatility can impact the affordability and availability of ultra-fine platinum powder, making it a less appealing alternative for some industries. While platinum's specific homes are valuable for positive excessive-performance packages, consisting of catalytic converters and electronics, its excessive value can limit its big adoption, particularly in price-sensitive markets. Companies may additionally be trying to find opportunity substances or lessen their reliance on platinum to control fees, potentially slowing the increase of the ultra-quality platinum powder marketplace in spite of its crucial function in superior technologies Impact of Covid-19 on the Ultra Fine Platinum Powder Market The COVID-19 pandemic significantly impacted the ultra-excellent platinum powder marketplace by disrupting global supply chains and causing fluctuations in demand throughout diverse industries. Lockdowns and regulations brought about transient closures of manufacturing facilities, affecting the production and distribution of platinum powder. Additionally, the financial downturn reduced the call for automotive and electronics compon...

Platinum futures contracts to be settled in January 2024 were trading on U.S. markets at 1,089 U.S. dollars per troy ounce on June 20, 2024. This is slightly above the price of 1,042 U.S. dollars per troy ounce for contracts to be settled in May 2024, indicating that platinum traders expect the price of platinum to increase a little over the next year. Platinum futures are contracts that effectively lock in a price for an amount of platinum to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.

Explore the fluctuations in platinum prices, influenced by economic conditions, industrial demand, and global events. Learn about platinum's comparison to gold and palladium, its role in the automotive industry, and the impact of supply chain dynamics. Stay informed on market valuations and investment risks with expert insights.