Platinum fell to 1,427.80 USD/t.oz on July 24, 2025, down 0.69% from the previous day. Over the past month, Platinum's price has risen 5.55%, and is up 53.07% 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 July of 2025.

Stay informed with real-time charts of international precious metal prices. Monitor spot prices for Platinum in USD, GBP, and EUR. Access live updates here >>

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 U.S. dollars.

Precious metals

Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At 8,100 tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank.

Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some five million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals.

In 2023, Silver prices are expected to settle at around 23.5 U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

Platinum prices are expected to stabilize after a record rally, driven by Chinese imports and reduced South African supply. Despite a market deficit, substantial above-ground stocks suggest limited further price increases.

In 2024, the UK platinum market increased by 3.1% to $28.2B, rising for the third consecutive year after three years of decline. Overall, consumption, however, continues to indicate a noticeable curtailment. Over the period under review, the market reached the peak level at $41.1B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

Rhodium rose to 6,250 USD/t oz. on July 24, 2025, up 4.17% from the previous day. Over the past month, Rhodium's price has risen 15.21%, and is up 34.41% 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 July of 2025.

About this dataset

Context

The dataset tabulates the Platinum population over the last 20 plus years. It lists the population for each year, along with the year on year change in population, as well as the change in percentage terms for each year. The dataset can be utilized to understand the population change of Platinum across the last two decades. For example, using this dataset, we can identify if the population is declining or increasing. If there is a change, when the population peaked, or if it is still growing and has not reached its peak. We can also compare the trend with the overall trend of United States population over the same period of time.

Key observations

In 2023, the population of Platinum was 54, a 0% decrease year-by-year from 2022. Previously, in 2022, Platinum population was 54, a decline of 3.57% compared to a population of 56 in 2021. Over the last 20 plus years, between 2000 and 2023, population of Platinum increased by 13. In this period, the peak population was 67 in the year 2019. The numbers suggest that the population has already reached its peak and is showing a trend of decline. Source: U.S. Census Bureau Population Estimates Program (PEP).

Content

When available, the data consists of estimates from the U.S. Census Bureau Population Estimates Program (PEP).

Data Coverage:

• From 2000 to 2023

Variables / Data Columns

• Year: This column displays the data year (Measured annually and for years 2000 to 2023)
• Population: The population for the specific year for the Platinum is shown in this column.
• Year on Year Change: This column displays the change in Platinum population for each year compared to the previous year.
• Change in Percent: This column displays the year on year change as a percentage. Please note that the sum of all percentages may not equal one due to rounding of values.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Platinum Population by Year. You can refer the same here

Recent developments include: In September 2024, Sibanye-Stillwater integrated Abington Reldan Metals, LLC into its operations following the USD 211.5 million acquisition announced in November 2023. The acquisition includes Reldan's U.S. operations along with joint ventures in Mexico and India. This step aligns with Sibanye-Stillwater’s broader strategy to diversify its portfolio beyond mining and enhance its platinum group metals (PGMs) business by incorporating sustainable recycling practices. , In February 2024, Implats initiated a group-wide review of capital expenditures due to weak platinum group metals (PGMs) market conditions. The company plans to cut production by up to 14% between 2025 and 2027, halt expansions at Mimosa and Marula mines, and reduce output at Impala Canada. These steps aim to save R10-11 billion over five years and cut 300,000 ounces of PGMs from 2024 forecasts, driven by declining profits amid a 32% drop in basket prices. .

The average one year price drop on the Nissan Patrol SE Platinum was ** percent in the United Arab Emirates for the year 2019. During this time total number of unique car listings viewed by buyers was approximately *** thousand.

In 2024, after two years of decline, there was growth in the Brazilian platinum market, when its value increased by 3.2% to $92.7B. Overall, consumption, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 3.8%. Platinum consumption peaked at $133.6B in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

Palladium rose to 1,326 USD/t.oz on July 22, 2025, up 1.34% from the previous day. Over the past month, Palladium's price has risen 21.82%, and is up 47.91% 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 July of 2025.

The USA: Platinum production in kilograms: The latest value from 2022 is 3000 kilograms, a decline from 4020 kilograms in 2021. In comparison, the world average is 15862 kilograms, based on data from 11 countries. Historically, the average for the USA from 1998 to 2022 is 3780 kilograms. The minimum value, 2920 kilograms, was reached in 1999 while the maximum of 4390 kilograms was recorded in 2002.

In 2024, after two years of decline, there was significant growth in the global platinum market, when its value increased by 9.1% to $7,627.9B. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $8,961.5B. From 2014 to 2024, the growth of the global market remained at a lower figure.

Russia: Platinum production in kilograms: The latest value from 2022 is 20000 kilograms, a decline from 21000 kilograms in 2021. In comparison, the world average is 15862 kilograms, based on data from 11 countries. Historically, the average for Russia from 1998 to 2022 is 26713 kilograms. The minimum value, 20000 kilograms, was reached in 2022 while the maximum of 36000 kilograms was recorded in 2001.

The global platinum coating market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for 2025 are not provided, a logical estimation can be made based on industry trends. Assuming a conservative CAGR (Compound Annual Growth Rate) of 5% from a hypothetical 2019 market size of $500 million (a reasonable starting point for a specialized coating market), the 2025 market size could be estimated at approximately $700 million. This growth is primarily fueled by the unique properties of platinum coatings, such as their exceptional corrosion resistance, high conductivity, and catalytic activity. Key applications include automotive catalytic converters, electronics, jewelry, and medical devices, all of which are witnessing increased production and demand. Furthermore, advancements in coating technologies, particularly in the areas of improved adhesion and reduced cost, are further bolstering market expansion. However, market growth is not without challenges. The primary restraint is the high cost of platinum, limiting its widespread adoption in certain applications. Supply chain disruptions and fluctuating platinum prices also contribute to market volatility. Nevertheless, ongoing research into alternative coating techniques and the growing need for durable, high-performance coatings across diverse industries are expected to overcome these restraints in the long term. Segmentation of the market is likely diverse, categorized by application (automotive, electronics, etc.), coating type (electroplating, sputtering, etc.), and geographic region. Companies like Safina Materials, Tanaka, PPG, and Dow are major players, competing on the basis of quality, innovation, and pricing. The forecast period of 2025-2033 anticipates continued market expansion, potentially reaching over $1 billion by 2033, assuming a sustained CAGR. This projection is based on consistent growth across key applications and ongoing technological advancements.

The Colombian platinum market dropped to $3.6B in 2024, reducing by -6% against the previous year. In general, consumption recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2023 with an increase of 7.7% against the previous year. Platinum consumption peaked at $56B in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

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...

Finland: Platinum production in kilograms: The latest value from 2022 is 1243 kilograms, a decline from 1447 kilograms in 2021. In comparison, the world average is 15862 kilograms, based on data from 11 countries. Historically, the average for Finland from 1998 to 2022 is 814 kilograms. The minimum value, 265 kilograms, was reached in 2009 while the maximum of 1576 kilograms was recorded in 2018.

Serbia: Platinum production in kilograms: The latest value from 2022 is 15 kilograms, a decline from 20 kilograms in 2021. In comparison, the world average is 15862 kilograms, based on data from 11 countries. Historically, the average for Serbia from 2003 to 2022 is 6 kilograms. The minimum value, 1 kilograms, was reached in 2003 while the maximum of 20 kilograms was recorded in 2020.

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.