The global market balance of platinum in 2023 amounted to a deficit of about ******* ounces, down from a surplus of approximately ******* ounces in the previous year. In 2024, it is expected that platinum will again have a global market deficit, at some ******* ounces. That same year, the global market balance of palladium is also forecast to register a deficit. Platinum – together with palladium, rhodium, ruthenium, iridium and osmium – form the the platinum group metals or PGMs.

Platinum rose to 1,454.50 USD/t.oz on July 11, 2025, up 3.93% from the previous day. Over the past month, Platinum's price has risen 13.41%, and is up 45.42% 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.

The global market balance of palladium in 2023 amounted to a deficit of about ******* ounces. In 2024, the global palladium is expected to register a deficit as well – but considerably lower – at some ******* ounces. That same year, the global market balance of platinum is also forecast to register a deficit. Palladium – together with platinum, rhodium, ruthenium, iridium and osmium – form the the platinum group metals or PGMs.