Platinum increased 78.50 USD/t oz. or 8.78% since the beginning of 2025, 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 March of 2025.

The price of the platinum in USA reached 995 USD/Troy Ounce (H2 2023 Avg Price). It encompasses an in-depth review of spot price of platinum at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of platinum price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

In 2021, the value of the platinum refined in the United States amounted to 1670 million U.S. dollars, the highest recorded value during the period of consideration. It represents an increase of around 23 percent compared to the previous year.

As of January 31, 2024, the average platinum price decreased to around 925 U.S. dollars per troy ounce, an decrease of 40 U.S. dollars compared to the 2023 average price. In 2021, platinum sold at approximately 1089 U.S. dollars per troy ounce, a year-on-year rise of close to 22 percent. Platinum is a precious metal commodity which is used in jewelry and autocatalyst manufacturing.

The average platinum import price stood at $32.4M per ton in August 2024, reducing by -1.8% against the previous month.

Explore the dynamic market price of platinum, influenced by industrial demand in the automotive sector, geopolitical events, mining outputs, inflation, and currency fluctuations. Gain insights into how investor sentiment and technological advancements shape this precious metal's valuation.

Platinum futures contracts to be settled in January 2024 were trading on U.S. markets at 1,089 U.S. dollars per troy ounce on June 20, 2024. This is slightly above the price of 1,042 U.S. dollars per troy ounce for contracts to be settled in May 2024, indicating that platinum traders expect the price of platinum to increase a little over the next year. Platinum futures are contracts that effectively lock in a price for an amount of platinum to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.

Statistics illustrates consumption, production, prices, and trade of Platinum in Sao Tome and Principe from 2007 to 2024.

In 2022, the value of the platinum produced from mines in the U.S. amounted to more than 93 million U.S. dollars. This figure represents a decrease of nearly 50 million U.S. dollars compared to the previous year, and it was significantly lower than the peak production value of 205 million U.S. dollars recorded in 2011.

[197+ Pages Report] Global precious metal market size & share to be worth USD 364.89 Billion by 2026 with a growth rate of 8.5% CAGR during the forecast period of 2021-2026.

Statistics illustrates the export value of Platinum in United States Minor Outlying Islands from 2007 to 2024 by trade partner.

After two years of decline, the UK platinum market increased by 4.3% to $43.2B in 2024. In general, consumption, however, continues to indicate a mild descent. Over the period under review, the market attained the maximum level at $61.1B in 2013; however, from 2014 to 2024, consumption failed to regain momentum.

In 2022, the United States was the world's leading importer of platinum, having accounted for 18.5 percent of the global value of platinum imports. Germany accounted for almost 14 percent of global platinum imports that year, and was the second-leading platinum importing country.

The Platinum-Based Cancer Drugs Market estimated size and share is projected to exceed USD 2733.24 million by 2034, with a forecasted CAGR of 4.3% during the period.

United States - Producer Price Index by Industry: Jewelry and Silverware Manufacturing: Jewelry, Gold and Platinum was 302.26900 Index Dec 1985=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Jewelry and Silverware Manufacturing: Jewelry, Gold and Platinum reached a record high of 302.26900 in February of 2025 and a record low of 58.70000 in December of 1978. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Jewelry and Silverware Manufacturing: Jewelry, Gold and Platinum - last updated from the United States Federal Reserve on March of 2025.

In 2024, South Korea imported a total of approximately 1.2 billion U.S. dollars worth of platinum in unwrought, semi-manufactured, or powder forms. South Africa was the main import partner, providing around 485 million dollars worth of platinum products. Other major partners included Japan and the United Kingdom.

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.

Statistics illustrates consumption, production, prices, and trade of Metals; platinum, unwrought or in powder form in Micronesia from 2007 to 2024.

Explore the dynamic factors influencing platinum market prices, including industrial demand, mining production, geopolitical events, and investment trends. Learn about its role in automotive industries and as a safe haven investment amid global economic conditions.

In 2021, around 1.96 billion British pounds worth of unwrought or partly worked platinum was imported to the United Kingdom, representing an increase when compared to the previous year. The import value of palladium stood at 3.8 billion British pounds in 2021.