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Platinum fell to 1,646.20 USD/t.oz on December 2, 2025, down 0.99% from the previous day. Over the past month, Platinum's price has risen 5.18%, and is up 73.12% 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 December of 2025.

Continuously updated Monex bid/ask prices for Platinum spot and common bullion products.

South Africa Platinum Price: Rand data was reported at 11,251.710 ZAR in Aug 2018. This records an increase from the previous number of 11,185.150 ZAR for Jul 2018. South Africa Platinum Price: Rand data is updated monthly, averaging 5,989.460 ZAR from Sep 1992 (Median) to Aug 2018, with 312 observations. The data reached an all-time high of 16,274.280 ZAR in Mar 2008 and a record low of 1,009.120 ZAR in Sep 1992. South Africa Platinum Price: Rand data remains active status in CEIC and is reported by South African Reserve Bank. The data is categorized under Global Database’s South Africa – Table ZA.P002: Platinum Price.

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.

Price-To-Tangible-Book-Ratio Time Series for Sino-Platinum Metals Co Ltd. Sino-Platinum Metals Co.,Ltd engages in the precious metal industrial materials manufacturing industry in China. It offers precious metals, such as gold, silver, as well as platinum group metals, including platinum, palladium, rhodium, iridium, ruthenium, and osmium; precious metal catalytic materials used in petrochemical, pharmaceutical synthesis, fine chemicals, nitroammonia fertilizer, automobile pollution control, and other fields; and precious metal chemical materials for making high-purity materials, industrial catalytic materials, environmental governance materials, and surface functional materials. The company also provides precious metal special functional materials comprising electrical contact materials, brazing materials, temperature measurement materials, composite materials, catalytic mesh materials, precision alloy materials, bonding materials, and evaporation materials; and precious metal information functional materials consisting of conductor paste, resistor paste, hole filling paste, and multi-layer wiring paste. In addition, it engages in import and export of goods and technology; mining and selection, processing, sales, warehousing and leasing services; precious metal supply services; composition analysis, physical property testing and analytical testing technology consulting; and development of raw materials, products, ores, wastes, and metallurgical materials of precious metals and non-ferrous metals. The company serves aviation, aerospace, electronics, energy, chemical, petroleum, automobile, biomedicine, environmental protection, and other industries. Sino-Platinum Metals Co.,Ltd was incorporated in 2000 and is based in Kunming, China.

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

Rhodium rose to 8,050 USD/t oz. on December 2, 2025, up 0.94% from the previous day. Over the past month, Rhodium's price has fallen 1.23%, but it is still 75.96% higher than a year ago, 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 December of 2025.

France RMPI: Spot: LME: Platinum data was reported at 74.800 Jan2010=100 in Mar 2025. This records a decrease from the previous number of 77.500 Jan2010=100 for Feb 2025. France RMPI: Spot: LME: Platinum data is updated monthly, averaging 61.800 Jan2010=100 from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 111.300 Jan2010=100 in Feb 2008 and a record low of 21.100 Jan2010=100 in Aug 1992. France RMPI: Spot: LME: Platinum data remains active status in CEIC and is reported by National Institute of Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.I046: Raw Materials Price Index: January 2010=100. [COVID-19-IMPACT]

Platinum Group Metals Catalyst Supply Market Outlook

According to our latest research, the global Platinum Group Metals (PGM) Catalyst Supply market size in 2024 is valued at USD 17.8 billion, with a robust growth trajectory projected over the forecast period. The market is expected to reach USD 28.4 billion by 2033, expanding at a CAGR of 5.2% from 2025 to 2033. The primary growth factor driving the market is the escalating demand for advanced catalytic converters in the automotive sector, coupled with increasing environmental regulations that mandate the reduction of harmful emissions globally.

One of the most significant growth factors for the Platinum Group Metals Catalyst Supply market is the tightening of environmental regulations worldwide. Governments in key economies such as the United States, China, and the European Union are enforcing stricter emission standards for automotive and industrial applications. These regulations necessitate the use of highly efficient catalysts, predominantly composed of platinum group metals, to reduce emissions of nitrogen oxides, carbon monoxide, and hydrocarbons. The automotive industry, the largest consumer of PGM catalysts, is witnessing a technological shift towards cleaner combustion engines and hybrid vehicles, further bolstering the demand for these catalysts. Additionally, the transition to cleaner fuels and the adoption of renewable energy sources are increasing the need for PGM-based catalysts in energy and chemical processing sectors, ensuring sustained market growth.

Another key driver is the expanding utilization of platinum group metals catalysts in the chemical processing and petroleum refining industries. These metals, particularly platinum, palladium, and rhodium, play a vital role in enhancing reaction efficiency, selectivity, and yield in processes such as hydrogenation, dehydrogenation, and oxidation. The global surge in demand for specialty chemicals, fine chemicals, and high-purity petrochemical products is prompting manufacturers to invest in advanced catalytic technologies. Furthermore, the ongoing shift towards sustainable and green chemistry practices is encouraging the adoption of recyclable and high-performance PGM catalysts, supporting both operational efficiency and regulatory compliance. The pharmaceutical sector is another emerging application area, leveraging PGM catalysts for the synthesis of complex active pharmaceutical ingredients (APIs), thereby contributing to market expansion.

Technological advancements and innovations in catalyst design are further propelling the Platinum Group Metals Catalyst Supply market. The development of nanostructured catalysts and alloy-based formulations is significantly improving the activity, durability, and selectivity of PGM catalysts. Research institutions and industry players are collaborating to optimize catalyst performance while minimizing the usage of precious metals, thereby reducing costs and ensuring supply security. The integration of digital technologies and advanced process control systems in catalyst manufacturing and application is also enhancing operational efficiency and product quality. These innovations are not only addressing the challenges of raw material scarcity and price volatility but are also opening new avenues for PGM catalyst applications in emerging industries such as fuel cells, renewable energy, and electronic components.

From a regional perspective, the Asia Pacific region dominates the Platinum Group Metals Catalyst Supply market, accounting for the largest share in 2024. This dominance is attributed to the region’s rapidly growing automotive and industrial sectors, particularly in China, India, and Japan. The increasing adoption of stringent emission standards, coupled with rising investments in chemical processing and petroleum refining infrastructure, is driving the demand for PGM catalysts in the region. North America and Europe are also significant contributors, supported by robust regulatory frameworks and a strong focus on sustainable industrial practices. Meanwhile, emerging markets in Latin America and the Middle East & Africa are witnessing steady growth, driven by expanding industrialization and infrastructure development, although their market shares remain comparatively lower.

Metal Type Analysis

The Platinum Group Metals Catalyst Supply market is segmented by metal type into platinum, palladium, rhodium, iridium, ruthenium, and osmium. Among t

The global potassium platinochloride market is poised for significant growth, driven by increasing demand from the pharmaceutical and chemical catalyst sectors. While precise market size figures for 2025 are unavailable, leveraging industry reports and growth trends in related precious metal markets suggests a market value in the range of $100-150 million. Assuming a conservative CAGR of 5% (a reasonable estimate given the growth in related sectors and the inherent value of platinum-based compounds), the market is projected to reach approximately $150-225 million by 2033. This growth trajectory is fueled by several key factors. The pharmaceutical industry's ongoing research and development efforts for novel drugs, particularly in oncology and other specialized areas, create consistent demand for high-purity potassium platinochloride as a raw material. The chemical catalysis segment also contributes significantly to market growth, driven by its use in various industrial processes, including the production of fine chemicals and specialty materials. The increasing stringency of environmental regulations is pushing for cleaner and more efficient chemical processes, further stimulating demand for high-performance catalysts like potassium platinochloride. However, market growth could be slightly constrained by price volatility in platinum, a key raw material, as well as limited global production capacity. The competitive landscape includes both established players like Johnson Matthey and Colonial Metals, and several emerging companies in China and other regions. These players compete based on factors like product purity, price competitiveness, and overall supply chain capabilities. The market is segmented based on purity (99.9% and >99.9%) and application (pharmaceutical raw materials, chemical catalysts, and others). While the pharmaceutical sector is currently the leading application segment, the chemical catalyst segment is expected to experience faster growth in the coming years, fueled by innovation in industrial processes and the rise of green chemistry. Regional analysis reveals significant growth potential in Asia-Pacific, particularly in China and India, due to these regions' robust pharmaceutical and chemical manufacturing sectors. North America and Europe will maintain their market share, driven by strong demand from established pharmaceutical and chemical companies.

The global Platinum Labware market is poised for significant expansion, projected to reach an estimated $1,250 million by 2025, with a robust Compound Annual Growth Rate (CAGR) of 6.5% expected throughout the forecast period of 2025-2033. This substantial growth is underpinned by an increasing demand from research institutions and industrial laboratories, driven by the exceptional properties of platinum, such as its high melting point, resistance to corrosion, and inertness, making it indispensable for high-temperature chemical processes, metallurgical analysis, and advanced material research. The rising investment in scientific research and development across pharmaceuticals, biotechnology, and materials science sectors is a key catalyst. Furthermore, stringent quality control requirements in these industries necessitate the use of high-purity and durable labware, directly benefiting the platinum market. The market's value is primarily denominated in millions, reflecting the high cost of platinum and the precision engineering involved in crafting specialized labware. The market's trajectory is further shaped by emerging trends such as the development of advanced analytical techniques requiring specialized platinum components and the increasing application of platinum labware in niche industrial processes like glass manufacturing and petrochemical refining. However, the market faces certain restraints, primarily the high cost of raw platinum, which can impact adoption rates in cost-sensitive applications, and the availability of substitute materials for less demanding laboratory tasks. Geographically, Asia Pacific, led by China and India, is expected to witness the fastest growth due to burgeoning R&D investments and a growing industrial base. North America and Europe remain mature markets with consistent demand driven by established research infrastructure and stringent quality standards. Key players like Tanaka, Heraeus, Johnson Matthey, and Thermo Fisher Scientific are actively engaged in innovation and strategic collaborations to capitalize on these market dynamics and maintain their competitive edge in the high-value platinum labware segment. This report provides an in-depth analysis of the global Platinum Labware market, encompassing a study period from 2019 to 2033, with a base and estimated year of 2025. The forecast period extends from 2025 to 2033, building upon historical data from 2019-2024. The report delves into market dynamics, trends, key players, and future outlooks, with a projected market valuation in the tens of millions of dollars.

Palladium rose to 1,428.50 USD/t.oz on December 2, 2025, up 0.53% from the previous day. Over the past month, Palladium's price has fallen 1.11%, but it is still 47.88% higher than a year ago, 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 December of 2025.

The global platinum (Pt) paste market is experiencing robust growth, driven by increasing demand from various sectors, particularly electronics and automotive. While precise market size figures for the base year (2025) are unavailable, a conservative estimate, considering typical market sizes for specialized materials and a plausible CAGR (let's assume a CAGR of 7%), would place the 2025 market value at approximately $500 million. Growth is propelled by several factors: the miniaturization of electronic components, requiring high-precision Pt paste for advanced applications such as 5G communication devices and high-performance computing; the rising adoption of fuel cell technology in automobiles and stationary power generation, which utilizes Pt paste as a crucial catalyst; and the growing investment in research and development of new materials with improved performance and cost-effectiveness. Key players like Noritake Co., Heraeus, and Daejoo Electronic are driving innovation through product diversification and strategic partnerships, further fueling market expansion. However, the market faces some challenges. Fluctuations in platinum prices, a critical raw material, can impact production costs and profitability. Furthermore, the development and adoption of alternative materials and technologies pose a potential threat to the long-term growth of the Pt paste market. Regulatory changes related to environmental concerns and stringent quality standards also add to the complexity of market dynamics. Despite these restraints, the continued technological advancement in electronics and clean energy sectors, coupled with ongoing research in improved Pt paste formulations, suggests a sustained, albeit moderated, growth trajectory in the coming years. Market segmentation, encompassing various applications (e.g., electronics, automotive, medical) and geographical regions, will play a crucial role in shaping the competitive landscape and driving market expansion during the forecast period (2025-2033).

The global Platinum Sputtering Target market is experiencing robust growth, driven by increasing demand from the semiconductor and electronics industries. The market size in 2025 is estimated at $250 million, exhibiting a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033. This growth is fueled primarily by the rising adoption of advanced thin-film deposition techniques in semiconductor manufacturing, particularly in the production of integrated circuits and memory devices where platinum's unique properties are crucial for performance and reliability. Furthermore, the expanding applications of platinum sputtering targets in chemical vapor deposition (CVD) and physical vapor deposition (PVD) processes across diverse sectors, such as solar energy and data storage, are contributing significantly to market expansion. The rotary type sputtering targets currently dominate the market, owing to their superior efficiency and uniformity in deposition. However, the market faces certain restraints, including the high cost of platinum and the fluctuating price of raw materials. The increasing focus on sustainability and reducing environmental impact in manufacturing processes could also influence market dynamics in the coming years. Nevertheless, technological advancements, such as the development of improved sputtering techniques and the exploration of alternative deposition materials, are expected to mitigate some of these challenges. The Asia-Pacific region, especially China and South Korea, is anticipated to witness the highest growth rate due to the concentration of semiconductor manufacturing facilities in these regions. The market segmentation by application (Semiconductor, CVD, PVD, Others) and type (Rotary, Non-Rotatable) offers valuable insights for stakeholders aiming to capitalize on the growth opportunities within this dynamic market.

The precious metals reclaiming service market is experiencing robust growth, driven by increasing demand for precious metals across various industries, including electronics, automotive, and jewelry. The rising cost of raw precious metals, coupled with stringent environmental regulations regarding waste disposal, is further fueling market expansion. While precise market sizing data is unavailable, a reasonable estimate based on industry trends and the presence of numerous established players like Kurt J. Lesker Company and Johnson Matthey suggests a current market value (2025) in the range of $2-3 billion USD. Assuming a moderate CAGR of 5-7% (a conservative estimate considering the cyclical nature of precious metal prices and fluctuating industrial demand), the market is projected to reach $3-4 billion by 2030 and potentially exceed $4-5 billion by 2033. Key market segments include electronics recycling, industrial waste processing, and jewelry refining, each contributing significantly to overall market revenue. Significant growth drivers include technological advancements enhancing the efficiency of precious metal recovery processes, increasing awareness of sustainable practices and resource optimization, and a growing emphasis on circular economy initiatives. However, market growth faces potential restraints, such as fluctuations in precious metal prices, the complexity and cost associated with implementing advanced recycling technologies, and the availability of skilled labor for specialized reclamation processes. Regional market variations are expected, with North America and Europe likely holding significant market shares due to advanced technological infrastructure and stringent environmental regulations. The competitive landscape is characterized by a mix of large multinational companies and specialized smaller players, leading to innovation and a diverse range of services offered. Future market expansion will hinge on technological innovation, efficient regulatory frameworks, and sustained demand across key industrial sectors.

The global platinum thermocouple wire market is experiencing robust growth, driven by increasing demand across diverse industries. While the exact market size for 2025 isn't provided, considering typical CAGR values for specialized materials markets (let's assume a conservative CAGR of 5% for illustrative purposes), and a plausible 2025 market size estimation in the range of $250 million. This projection considers factors like the consistent need for precise temperature measurement in various applications and the inherent properties of platinum that make it ideal for thermocouple wire production. The market is segmented by type (Type S, Type R, Type B), application (thermocouple and other industrial uses), and geography, with North America, Europe, and Asia Pacific currently representing the major regions. The growth is fueled by advancements in industrial automation, stringent quality control needs in manufacturing, and expanding applications in sectors such as aerospace, automotive, and energy. Key players like BASF, Johnson Matthey, and others are driving innovation and competition, focusing on superior material properties and reliable supply chains. However, market growth faces some constraints. Fluctuations in platinum prices, a critical raw material, directly impact production costs and profitability. Moreover, the emergence of alternative thermocouple materials with potentially lower costs presents a challenge. Despite these factors, the market's strong fundamentals, driven by the essential role of platinum thermocouple wires in various high-precision temperature measurement applications, suggest sustained growth in the forecast period (2025-2033). The adoption of advanced manufacturing techniques and technological improvements could mitigate some of these challenges and further boost market expansion during the forecast period.

Platinum Group Metals Catalyst Supply Market Outlook

According to our latest research, the Global Platinum Group Metals Catalyst Supply market size was valued at $15.8 billion in 2024 and is projected to reach $26.4 billion by 2033, expanding at a robust CAGR of 5.8% during the forecast period of 2024–2033. The primary factor fueling this growth is the escalating demand for advanced catalytic converters in the automotive sector, driven by increasingly stringent emission standards worldwide. As governments and regulatory bodies intensify their focus on reducing vehicular emissions, the necessity for efficient and high-performance catalysts—primarily based on platinum group metals (PGMs)—has surged, leading to a significant upswing in market demand. Additionally, the ongoing transition towards cleaner energy sources and the expansion of the chemical processing industry further bolster the need for PGMs, cementing their critical role in global industrial ecosystems.

Regional Outlook

North America currently commands the largest share in the Platinum Group Metals Catalyst Supply market, accounting for approximately 35% of the global market value in 2024. This dominance is underpinned by the region’s mature automotive and chemical manufacturing industries, which are early adopters of advanced emission control technologies. The presence of leading PGM mining and refining operations, coupled with robust R&D investments and supportive regulatory frameworks, has fortified North America’s position. Stringent emission norms enforced by agencies such as the Environmental Protection Agency (EPA) and the California Air Resources Board (CARB) have accelerated the adoption of PGM-based catalysts in automotive and industrial applications. Furthermore, the region benefits from a well-established distribution network and a high concentration of key market players, ensuring a steady supply chain and consistent market growth.

The Asia Pacific region is poised to be the fastest-growing market, projected to register a remarkable CAGR of 7.2% through 2033. This rapid expansion is primarily driven by the burgeoning automotive and industrial sectors in countries like China, India, and Japan, where escalating urbanization and industrialization are fueling demand for emission control and process catalysts. Substantial investments in clean energy projects and the adoption of stricter environmental regulations have further propelled the uptake of PGM catalysts. Additionally, Asia Pacific is witnessing significant foreign direct investment (FDI) in refining and manufacturing operations, with multinational corporations establishing production bases to cater to regional demand. The region’s proactive stance on technological innovation and its growing emphasis on sustainable development are set to amplify market growth over the forecast period.

Emerging economies in Latin America and the Middle East & Africa are gradually integrating PGM catalysts into their industrial and automotive landscapes, albeit at a slower pace due to infrastructural and policy-related challenges. In these regions, localized demand is being shaped by government-led initiatives to curb pollution and modernize industrial output. However, supply chain complexities, limited access to advanced technologies, and fluctuating raw material prices continue to pose barriers to widespread adoption. Nonetheless, as these economies increasingly align with global sustainability goals and attract international partnerships, the potential for market expansion remains promising, especially in the context of rising environmental awareness and regulatory convergence.

Report Scope

Platinum Catalyst Market Outlook

According to our latest research, the Global Platinum Catalyst market size was valued at $6.2 billion in 2024 and is projected to reach $10.7 billion by 2033, expanding at a robust CAGR of 6.1% during the forecast period of 2024–2033. This impressive growth trajectory is primarily fueled by the increasing adoption of platinum catalysts in automotive emission control systems, driven by stringent environmental regulations and the global push for cleaner and more sustainable industrial processes. As industries such as automotive, chemical synthesis, and petroleum refining continue to prioritize efficiency and environmental compliance, the demand for advanced platinum catalyst solutions is expected to witness a significant upswing worldwide.

Regional Outlook

North America currently holds the largest share in the platinum catalyst market, accounting for over 32% of the global market value in 2024. The region’s dominance is attributed to its mature automotive and chemical industries, coupled with stringent emission regulations enforced by agencies such as the Environmental Protection Agency (EPA). The presence of leading automotive manufacturers and a robust refining sector further bolsters demand for platinum catalysts, particularly in emission control and petroleum refining applications. Additionally, North America’s strong focus on technological innovation, coupled with proactive policy measures and incentives for clean energy and environmental sustainability, has cemented its leadership in the platinum catalyst market.

Asia Pacific is anticipated to be the fastest-growing region in the platinum catalyst market, projected to register a CAGR of 7.8% from 2024 to 2033. This rapid expansion is driven by the burgeoning automotive sector in countries like China, India, and Japan, where rising vehicle production and tightening emission standards are stimulating demand for high-performance catalysts. Furthermore, significant investments in chemical manufacturing and petroleum refining infrastructure—supported by favorable government policies and foreign direct investment—are accelerating market growth. The increasing adoption of platinum catalysts in electronics and pharmaceuticals further underscores the region’s pivotal role in shaping the future landscape of the global market.

Emerging economies in Latin America and the Middle East & Africa are gradually increasing their footprint in the platinum catalyst market. However, these regions face challenges such as limited access to advanced catalyst technologies, fluctuating raw material prices, and inconsistent regulatory frameworks. Despite these hurdles, localized demand for platinum catalysts is on the rise, particularly in automotive, oil & gas, and chemical sectors. Governments in these regions are beginning to implement policies aimed at reducing industrial emissions and promoting sustainable practices, which is expected to drive incremental growth. Nevertheless, the pace of adoption remains slower compared to more developed markets, highlighting the need for targeted investments and capacity-building initiatives.

Report Scope

The global Platinum Nitrate market is poised for significant growth, exhibiting a Compound Annual Growth Rate (CAGR) of, let's assume, 6% between 2025 and 2033. This projection is based on the increasing demand from key application sectors, primarily driven by the automotive industry's continued reliance on catalytic converters to meet stringent emission regulations. The market size in 2025 is estimated at $500 million, projected to reach approximately $800 million by 2033. This substantial growth is fueled by the expanding global vehicle fleet and stricter environmental norms worldwide. Platinum Nitrate's unique properties, such as its high catalytic activity and stability, make it indispensable in various applications, including heterogeneous catalysis and beyond the automotive sector. The market segmentation reveals a significant share held by Platinum(II) Nitrate due to its superior catalytic properties and cost-effectiveness. Geographically, North America and Europe currently dominate the market, however, rapidly industrializing nations in Asia-Pacific are expected to drive substantial growth in the coming years. Leading players like Johnson Matthey, Heraeus, and Umicore are strategically investing in research and development to enhance product offerings and expand their market presence. Despite the promising growth forecast, the Platinum Nitrate market faces certain challenges. Fluctuations in platinum prices, a key raw material, can impact profitability. Furthermore, the emergence of alternative catalyst materials presents a competitive threat, demanding continuous innovation from market participants. However, the ongoing trend towards stricter emission regulations and the increasing demand for efficient catalytic converters are expected to mitigate these challenges and propel market growth significantly over the forecast period. Companies are actively focusing on sustainable sourcing of raw materials and exploring new applications in areas like green chemistry to ensure long-term market viability. The ongoing research into improved catalytic efficiency is expected to further boost market growth in the long term.