Interactive chart of historical daily platinum prices back to 1985. The price shown is in U.S. Dollars per troy ounce.

Platinum fell to 1,337.90 USD/t.oz on June 27, 2025, down 4.68% from the previous day. Over the past month, Platinum's price has risen 25.48%, and is up 34.54% compared to the same time last year, 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 June of 2025.

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.

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Platinum Market Size 2025-2029

The platinum market size is forecast to increase by USD 1.88 billion at a CAGR of 4.5% between 2024 and 2029.

The market witnesses significant growth, driven primarily by the increasing demand for platinum in various industries, with the automobile sector being a key contributor. The automobile industry's focus on reducing emissions and improving fuel efficiency has led to a wave in the adoption of platinum in exhaust systems. However, the market's growth is tempered by the energy-intensive processing of platinum, which increases production costs. Furthermore, regulatory hurdles impact adoption, as stringent environmental regulations limit the use of platinum in certain applications. In the automotive sector, the rising usage of platinum in catalytic converters and other automotive parts and components is driving market growth.
Supply chain inconsistencies also pose a challenge, as the majority of the world's platinum supply comes from South Africa, which is prone to political instability and labor disputes. Companies seeking to capitalize on market opportunities must focus on optimizing production processes and exploring alternative sources of platinum to mitigate these challenges and maintain a competitive edge.

What will be the Size of the Platinum Market during the forecast period?

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Platinum, a rare precious metal in the platinum group, plays a crucial role in various industries, including jewelry and electronics. The jewelry segment accounts for approximately 25% of global platinum demand, while element's application in electronic equipment and catalytic converters drives significant growth. Spanish explorers discovered platinum over five centuries ago, but its modern uses are more diverse. Catalytic converters, a major application, consume around 40% of the world's platinum supply. Regulatory authorities' stricter emission regulations have boosted demand for platinum in this sector. The automotive industry's shift towards electric vehicles may impact the demand for platinum in catalytic converters. The market is a significant component of the market, which also includes palladium, rhodium, and other rare precious metals.
Meanwhile, the chemical sector and fuel cells are emerging applications, with millions of ounces of platinum used in catalysts. Joint ventures and recycling facilities are essential in the circular economy, as platinum can be recovered and reused. The market faces production halts due to unforeseen circumstances, affecting product prices. Platinum's price volatility is influenced by supply and demand dynamics, as well as source insights from South Africa, the world's largest producer. Silver and gold, platinum's sister precious metals, also impact the market, with their prices influencing platinum's price trend. The platinum group metals' application insights extend to the exhaust systems of gasoline engines and the chemical sector's catalysts.
In the face of regulatory pressures and evolving market trends, the market continues to adapt, offering opportunities for businesses to explore.

How is this Platinum Industry segmented?

The platinum industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Automotive
  Jewelry
  Industrial
  Investment


Source

  Primary
  Secondary


Form Factor

  Platinum bars
  Platinum coins


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The automotive segment is estimated to witness significant growth during the forecast period. Platinum, a precious metal, plays a pivotal role in various industries, most notably in the automotive sector. In this context, the hydrogen fuel segment is a significant consumer, as platinum is a key component in hydrogen fuel cells. Meanwhile, in the automotive exhaust segment, platinum is employed in catalytic converters to minimize pollutant emissions, including carbon dioxide and harmful nitrogen oxides. The chemical sector utilizes platinum in catalysts for various processes, while the semiconductor industry relies on it for producing oxygen sensors. In the jewelry segment, platinum is valued for its white, lustrous appearance and durability. The construction sector employs platinum in catalysts for improving fuel efficiency and reducing exhaust emissions in diesel engines. The market is driven by strong demand from various sectors, including the automotive industry and the chemical sector. In recent years, the automotive sector has witnessed a rise in demand due to the increasing adoption of electric vehicles, hybrid vehicles,

In 2023, shipments abroad of platinum decreased by -75% to 1 kg for the first time since 2019, thus ending a three-year rising trend.

Interactive chart of historical daily palladium prices back to 1987. The price shown is in U.S. Dollars per troy ounce.

Rhodium rose to 5,450 USD/t oz. on June 27, 2025, up 0.46% from the previous day. Over the past month, Rhodium's price has risen 0.46%, and is up 17.20% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rhodium - values, historical data, forecasts and news - updated on June of 2025.

In 2023, supplies from abroad of platinum decreased by -25% to 3 kg, falling for the second year in a row after two years of growth.

Rhodium price data, historical values, forecasts, and news provided by Money Metals Exchange. Rhodium prices and trends updated regularly to provide accurate market insights.

The global platinum jewelry market is experiencing robust growth, driven by increasing consumer demand for luxury goods and the unique properties of platinum—its durability, rarity, and lustrous white shine. The market size in 2025 is estimated at $15 billion, demonstrating significant growth compared to previous years. While precise historical data isn't provided, a conservative estimate, based on typical luxury goods market expansion and considering the inherent value of platinum, suggests a Compound Annual Growth Rate (CAGR) of approximately 6% from 2019 to 2025. This growth is projected to continue throughout the forecast period (2025-2033), with a similar CAGR of 6%, leading to a substantial market value exceeding $25 billion by 2033. This expansion is fueled by several key trends including the rising popularity of platinum jewelry amongst millennials and Gen Z, who are increasingly seeking investment-worthy luxury items, and the growing preference for sustainable and ethically sourced materials in the luxury sector. Furthermore, the market is segmented by type (rings, necklaces, earrings, bracelets, others), application (men, women, others), and region, with North America and Asia-Pacific expected to remain the dominant markets. Restraints include fluctuating platinum prices and economic downturns, impacting consumer spending on luxury items. Key players like Harry Winston, Cartier, Van Cleef & Arpels, and Tiffany & Co. are strategically focusing on product innovation, expanding their online presence, and leveraging brand reputation to enhance market share. The increasing preference for personalized and customized jewelry is also shaping the market landscape, encouraging bespoke designs and personalized experiences. The rising disposable income in emerging economies like India and China contributes significantly to the market’s growth. However, challenges remain; including maintaining ethical sourcing practices throughout the supply chain and effectively communicating the value proposition of platinum jewelry to a wider consumer base. Understanding these nuances will be critical for brands to capitalize on the market's potential for future expansion.

In 2023, supplies from abroad of platinum decreased by -25% to 3 kg, falling for the second year in a row after two years of growth.

The global platinum group metals (PGMs) market was valued at USD 19.6 billion in 2025 and is projected to reach USD 33.5 billion by 2033, exhibiting a CAGR of 5.04% during the forecast period. Platinum, palladium, ruthenium, iridium, and osmium are the five PGMs. PGMs are utilized in a variety of industries, including automotive, jewelry, electronics, and chemical processing. Key drivers of the market include growing demand for automotive catalysts, rising use of PGMs in jewelry, and increasing adoption of PGMs in the chemical industry. The automotive industry is the largest end-use segment for PGMs, accounting for over 50% of the global market. PGMs are used in automotive catalytic converters to reduce harmful emissions. Stringent government regulations on vehicle emissions are expected to drive the demand for PGMs in the coming years. The jewelry industry is another major end-use segment for PGMs, accounting for approximately 25% of the global market. PGMs, particularly platinum and palladium, are used in the production of high-end jewelry. The growing demand for luxury goods is expected to support the growth of the PGM market in the jewelry industry. The chemical industry is also a significant end-use segment for PGMs, accounting for approximately 15% of the global market. PGMs are used in the production of various chemicals, including nitric acid, sulfuric acid, and hydrogen peroxide. The increasing demand for chemicals in various industries is expected to drive the demand for PGMs in the chemical industry. Recent developments include: In recent developments within the Global Platinum Group Metals Market, companies like Sibanye Stillwater and Anglo American Platinum reported increased production and a focus on sustainability, aligning with global environmental standards. Northam Platinum has been actively expanding its operations, with acquisitions that bolster its market position, and Jubilee Metals Group has significantly ramped up its recycling initiatives, maximizing resource use. Meanwhile, platinum prices have been volatile, largely influenced by geopolitical tensions and supply chain disruptions., Additionally, Impala Platinum Holdings aims to leverage technological advancements to enhance operational efficiency. KGHM Polska Miedz and Norilsk Nickel face scrutiny over environmental practices but are adapting strategies to mitigate risks. South African Platinum Producers continue to navigate labor challenges while maintaining output levels. The overall market valuation reflects a cautious optimism, supported by increased demand from the automotive sector, particularly for catalytic converters. Growth prospects in the sector remain promising as producers innovate and explore new markets, including the recovery of metals from mining waste. The landscape is dynamic, with several players focusing on mergers and collaborations to strengthen their competitiveness while addressing market challenges.. Key drivers for this market are: Increased automotive catalyst demand, Growth in electronics applications; Rising investment in green technologies; Expanding jewelry market; Surge in renewable energy systems. Potential restraints include: Growing automotive catalyst demand, Increasing electronics applications; Rising investment in mining; Fluctuating global pricing; Expanding hydrogen fuel cell market.

Palladium fell to 1,121 USD/t.oz on June 27, 2025, down 2.44% from the previous day. Over the past month, Palladium's price has risen 16.65%, and is up 16.35% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium - values, historical data, forecasts and news - updated on June of 2025.

The Precious Metals Production industry's revenue is forecast to expand at a compound annual rate of 21.5% over the five years through 2024-25 to £396.4 million. Soaring precious metal prices mean that smaller companies have been able to operate with only a handful of staff while still making enough money to keep going. However, as gold and silver are used less in film and digital technology, the amount of precious metals recoverable from scrap has fallen, raising purchasing costs and somewhat limiting growth. The Russia-Ukraine conflict disrupted metal supplies and caused inflation to soar, driving investors to precious metals as a traditional inflation hedge and causing the prices of gold and silver to hike by over 20% in 2023-24, while Platinum Group Metals prices inched down due to reduced investor demand. In 2024-25, gold and silver prices are reaching new highs as the perspective of interest rate cuts continues to drive demand from investors (as lower interest rates would mean other investments like bonds would yield lower returns). As a result of this, industry revenue is expected to swell by 15.9% in 2024-25, when industry profit is set to hit 2.7%. The Precious Metals Production industry's revenue is expected to grow at a compound annual rate of 4.4% over the five years through 2029-30 to £491.4 million. Silver is a key component in photovoltaic cells used in solar panels, so it's well set to benefit from the increased importance placed on renewable energy generation. However, manufacturers of photovoltaic cells are likely to lower the content of silver per cell to reduce costs, limiting the benefit for silver producers. Increased environmentalism also means that electric vehicles are likely to gain popularity, reducing the need for platinum group metals used in catalytic converters, while surging gold prices are set to normalise in the medium term, limiting revenue growth. A new gold mine in Scotland is likely to run for almost a decade, allowing primary refiners to set up in the UK.

In 2024, the Sudanese platinum market increased by 0% to less than $0.1, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a dramatic setback. Platinum consumption peaked at $25K in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

The global platinum automotive catalyst market is experiencing robust growth, driven by stringent emission regulations worldwide and the increasing adoption of gasoline and diesel vehicles. While precise market size figures for the base year (2025) are unavailable, industry reports suggest a substantial market value, estimated conservatively at $15 billion for 2025, considering the average price of platinum and the global vehicle production numbers. This market is projected to exhibit a healthy Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033, reaching an estimated value of approximately $25 billion by 2033. This growth is fueled by several factors, including the expanding automotive sector in developing economies, particularly in Asia-Pacific, and the ongoing technological advancements leading to more efficient and effective catalyst designs. The market is segmented by fuel type (Gasoline-based and Diesel-based) and vehicle application (Motorcycle, Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), with passenger vehicles currently representing the largest segment. Key restraints include fluctuating platinum prices, which directly impact production costs and market profitability. Furthermore, the increasing adoption of electric vehicles (EVs) presents a long-term challenge, although the transition is gradual, allowing considerable growth in the short to medium term. Major players such as BASF, Johnson Matthey, and Clariant are actively investing in research and development to improve catalyst efficiency and longevity, enhancing their market competitiveness. Geographic segmentation highlights strong demand from North America, Europe, and Asia-Pacific, with China and India emerging as significant growth markets. The continuous push for cleaner transportation and the ongoing evolution of catalytic converter technology ensure sustained growth for this vital component in the automotive industry.

In 2024, the Hong Kong market for base metals, silver or gold, clad with platinum; not further worked than semi-manufactured decreased by -0.7% to $59M, falling for the second year in a row after two years of growth. Overall, the total consumption indicated a perceptible expansion from 2012 to 2024: its value increased at an average annual rate of +3.3% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Description All values are given in USD unless otherwise stated Long Tharisa Tharisa is a low cost producer of chrome and platinum group metals (PGM), dual-listed on the LSE and JSE. The Tharisa mine is quite rare given that it is an open pit PGM group metals mine. Around 70% of all the platinum mined in the world comes out of South Africa, roughly 10% from Russia (Norilsk mostly), some 6% from Zimbabwe and the token rest in different countries, and almost all of it mined in deep underground mines. There are a few other open pit PGM mines, like Mogalakwena, and these mines are also located on the lower half of the global cost curve. Most of the other mines are deep underground mines, making it quite expensive to mine. The Tharisa mine is different by being a high strip ratio open pit mine. While mining the open pit for PGM metals, they also remove a thick zone rich in chrome ore. This makes the mine both a significant chrome and PGM producer, since both ores are extracted and processed. This broadens the mine’s mined commodities and commodity exposure. Many of the underground mines in South Africa don’t have this advantage since they only mine the PGM or Chrome layer (and this is usually done by different companies and in different places). This makes the Tharisa mine a low quartile producer on the global cost curve. The Tharisa mine also has a decent life left of at least 10 years, and very likely many more since there is the option to go underground after this 10 year period. Is Netflix undervalued? Is Netflix a buy? Is Netflix a good investment Is Disney undervalued? Is Disney a buy? Is Disney a good investment While the past 10 years haven’t been great for platinum and other platinum group miners (many have share-prices lower than 10-years ago), this is also somewhat due to the nature of the commodity. PGM’s are used mostly in catalytic converters in ICE vehicles, and the amount of these vehicles on the roads is projected to gradually decline over time. But that decline will be slow since many catalytic converters are used in trucks and other heavy load transport, which has been somewhat more difficult to electrify (mostly due to the energy density of diesel vs batteries). PGM’s do however have an option on possible hydrogen fuel cell adaption, which hasn’t found a wide adoption yet. The other uses of PGM-metals are industrial, electronics and jewelry, with many different allocations depending on which of the 6 PGM metals you consider. Ruthenium and Iridium, 2 members of the PGM group metals, are completely industrial metals. Valuation With net cash of 120 million, a 230 million market capitalization (and thus 110 million EV), when buying Tharisa you are effectively buying a low cost mine at a fraction of its new price or replacement value. This is a company which did 720 million in revenue last year, an EBITDA of 177 million, 83 million in net profit and has been profitable every year for the last 10 years (where many platinum miners made big losses and some even had to restructure). While the share-price has done nothing over the last 10 years besides paying a decent dividend (5% at current share-price and profit levels), the company has grown production slightly every year, and grown equity from 180 million to 780 million. The average price to build a new PGM mine is above 2000 dollars per ounce of production. Using this valuation on Tharisa’s platinum segment alone values it at 320 million USD. The Chrome segment generates 4-500 million in revenues every year which you get for free. Is Google undervalued? Is Google a buy? Is Google a good investment Is Walmart undervalued? Is Walmart a buy? Is Walmart a good investment Karo project The last few years, Tharisa has planned on growing production with the Karo Mine project (through a 75% stake in Karo Mining Holdings), which they acquired in a few parts since 2018 for a total amount of 35 million, largely in Tharisa shares. There is one small red flag, that a big part of the acquisition of Karo was from a related party of the Pouroulis family (largest shareholder in Tharisa). But then again, the values were quite small and I don’t really think anything wrong has been done here. They bought a low cost mine for a fraction of the NPV, granted it was still a greenfield project. The Pouroulis family still has a 25% stake in the mine through the holding from which they sold their majority stake in the mine. Karo is a planned mine in Zimbabwe, again open pit, again lower on the cost curve and with a long mine life (at least 20 years). The overhang of this project is what is keeping the Tharisa share-price low. Expected capex for the project is estimated at around 310 million, of which 130 million has been invested to date. There is a fear in the market that this project is hard to finance for the company, given the recent weakness in PGM prices. Of the remaining 180 million project capex, around 60 million is working capital related. The company...

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

PTM PLATINUM ASSET MANAGEMENT LIMITED

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

In 2023, the Hungarian platinum catalysts market increased by 9.3% to $14M for the first time since 2020, thus ending a two-year declining trend. In general, consumption showed a strong increase. As a result, consumption attained the peak level of $25M. From 2017 to 2023, the growth of the market remained at a lower figure.