Platinum rose to 1,316.40 USD/t.oz on August 1, 2025, up 1.74% from the previous day. Over the past month, Platinum's price has fallen 6.74%, but it is still 37.27% higher than a year ago, 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 August of 2025.

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

Platinum prices in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 588.41 USD per troy ounce with a minimum of 78.5 USD per troy ounce in April 1963 and a maximum of 2052.45 USD per troy ounce in May 2008. | TheGlobalEconomy.com

Get the latest insights on price movement and trend analysis of Platinum in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

As of May 21, 2025, the average platinum price decreased to around *** U.S. dollars per troy ounce. In 2021, platinum was sold at approximately, **** U.S. dollars per troy ounce, a year-on-year rise of close to ** percent. Platinum is a precious metal commodity which is used in jewelry and autocatalyst manufacturing.

Palladium rose to 1,206.50 USD/t.oz on August 1, 2025, up 0.21% from the previous day. Over the past month, Palladium's price has risen 2.99%, and is up 37.65% 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 August of 2025.

Rhodium fell to 7,000 USD/t oz. on August 1, 2025, down 3.45% from the previous day. Over the past month, Rhodium's price has risen 27.27%, and is up 50.54% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rhodium - values, historical data, forecasts and news - updated on August of 2025.

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

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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,

El seguimiento del historial de precios de Bitcoin Platinum permite a los inversores en criptomonedas supervisar el rendimiento de su inversión con facilidad. Puedes hacer cómodamente un seguimiento del valor de apertura, el máximo y el de cierre de Bitcoin Platinum a lo largo del tiempo, así como del volumen de trading. Además, puede ver al instante el cambio diario en forma de porcentaje, lo que hace que identificar días con fluctuaciones significativas sea sencillo. Según nuestros datos históricos de precios de Bitcoin Platinum, su valor se disparó a un máximo sin precedentes en 2025-05-29 y superó los $167.47 USD. Por otra parte, el punto más bajo en la trayectoria del precio de Bitcoin Platinum, comúnmente conocido como el "mínimo histórico de Bitcoin Platinum", se produjo el 2025-06-01. Si uno hubiera comprado Bitcoin Platinum en ese entonces, actualmente disfrutaría de un notable ganancia del 858%. Se creará 78 Bitcoin Platinum, según lo planeado. Al día de hoy, el suministro circulante de Bitcoin Platinum es de aproximadamente 0. Todos los precios que figuran en esta página se obtuvieron de Bitget, una fuente confiable. Confiar en una única fuente para revisar tus inversiones es fundamental, ya que los valores pueden variar entre distintos vendedores. Nuestro conjunto de datos de precios de Bitcoin Platinum históricos incluye datos en intervalos de 1 minuto, 1 día, 1 semana y 1 mes (apertura/máximo/mínimo/cierre/volumen). Estos conjuntos de datos pasaron por rigurosas pruebas para garantizar su coherencia, integridad y precisión. Están diseñados específicamente para simular trades y realizar backtesting. Ya están disponibles para descargarse gratis y se actualizan en tiempo real.

Silver and platinum prices soar to new heights, driven by strong industrial demand and market deficits. Discover the factors behind this bullish trend in precious metals.

Gold and silver prices increased over the course of 2021, but these did not grow as fast as the prices of iridium and, especially, rhodium. According to a comparison of price indices, the price for rhodium - a precious metal similar to platinum and used especially in catalytic converters of cars - was ten times higher in April 2021 than it was in January 2019. The price hike for rhodium was apparently caused by coronavirus-related lockdowns implemented in South Africa, where mining companies had to close for several weeks.

Platinum Group Metals PE ratio as of June 26, 2025 is 0.00. Current and historical p/e ratio for Platinum Group Metals (PLG) from 2010 to 2025. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. The PE ratio is a simple way to assess whether a stock is over or under valued and is the most widely used valuation measure. Please refer to the Stock Price Adjustment Guide for more information on our historical prices.

In 2025, the price of platinum is forecast to hover around ***** U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to ***** 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 ***** 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 **** 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 **** 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 ***** U.S. dollars per ounce, making it the most expensive precious metal in 2023.

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

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.

Market Dynamics of Platinum Mining Market

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.

Key Restraint 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.

Key Trend of the Platinum Mining Market

ESG integration, technological breakthroughs, and the demand for clean energy all contribute to the industry's expansion.

Driven by increasing demand for clean energy alternatives, particularly in the automotive industry where platinum is still necessary for catalytic converters and its usage in hydrogen fuel cells is growing, the platinum mining industry is experiencing a revolutionary shift in 2025. The demand for platinum-based components is growing as a result of increasing investment in green technologies, such as ...

In 2024, the rate of loss on platinum investments amounted to approximately 9.38 percent. Platinum is a precious metal that is used to make jewelry, in addition to industrial applications such as autocatalysis, among other uses.

The average price for rhodium in 2023 was roughly 6,660 U.S. dollars per troy ounce, marking a decrease of almost 9,000 U.S. dollars per ounce in price compared to the previous year. Rhodium is a noble metal and a platinum group metal. The main use of rhodium is as an autocatalyst.

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