| Product | Region | Incoterm Basis | Price | Last Updated Month |
| Platinum | China | CIF | USD 1,892.01/ounce | April 2026 |
| Platinum | India | CIF | USD 1,892.01/ounce | April 2026 |
| Platinum | USA | CIF | USD 1,892.01/ounce | April 2026 |
| Platinum | Germany | FOB | USD 1,892.00/ounce | April 2026 |
| Platinum | Australia | CIF | USD 1,892.00/ounce | April 2026 |
| Platinum | China | CIF | USD 2,504.00/ounce | March 2026 |
| Platinum | India | CIF | USD 2,504.00/ounce | March 2026 |
| Platinum | USA | CIF | USD 2,504.00/ounce | March 2026 |
| Platinum | Germany | FOB | USD 2,054.00/ounce | March 2026 |
| Platinum | Australia | CIF | USD 2,504.00/ounce | March 2026 |
Stay Updated with the Latest Platinum Prices, Historical Data, and Tailored Regional Analysis
The prices of platinum dropped during Q1'26 in the European region. The prices were about ~EUR 2,213/troy ounce in January, reducing to around ~EUR 1,952/troy ounce (Spot FD) in March, representing a drop of approximately 11.8%. The fall in prices was caused by lower demand from the automotive industry and decreased investor interest, resulting in price reductions. Although Iran-related tensions and the Middle East conflict increased uncertainty, platinum did not gain significantly as its demand is more industrial than safe-haven driven, which justified the declining trend. Other factors that contributed to the falling trend include recycling activities and higher supply, creating a surplus situation and thus pushing prices further down. In 2024, the total production of platinum through global mines stood at about 170,000 kg, resulting in a surplus that was dragged down in the current year. Overall, the platinum market remained weak with minimal recovery during the quarter.
Analyst Insight
According to Procurement Resource, platinum prices are expected to remain weak to stable, as sufficient supply and subdued automotive demand may continue to limit price recovery despite ongoing geopolitical risks.
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| Product | Category | Region | Price | Last Updated Month |
| Platinum | Chemicals | Europe | 1404 USD/troy | July 2025 |
| Platinum | Chemicals | Europe | 1339 USD/troy | August 2025 |
The platinum market recorded significant price fluctuations in the European region during Q3’25. The prices were about 1404 USD/troy ounce (Spot FD) in July and around 1339 USD/troy ounce in August. Prices reached their highest levels during the early part of the quarter, supported by strong investor interest and heavy physical buying in key consuming regions. This rally was driven by persistent supply shortages from South African producers, who continued to face operational and logistical challenges. Reduced recycling flows also limited availability, further tightening global supply conditions.
During this phase, demand from the automotive sector, particularly for catalytic converters, remained steady, while jewellery consumption in Asian markets gained traction as platinum offered a more accessible alternative to gold. Investment demand also strengthened as market participants sought exposure to precious metals amid global economic uncertainty. Together, these factors created conditions that propelled platinum prices to levels not observed in recent years.
As the quarter progressed, however, prices began to normalize. The earlier surge prompted cautious behaviour among buyers, with downstream consumers shifting toward just-in-time purchasing rather than large-scale procurement. Reports of improved mine operations in South Africa and a slight recovery in recycling activity also helped ease concerns about availability. Exchange inventories showed modest replenishment, which alleviated some of the immediate supply pressure. By the close of the quarter, platinum prices settled into a narrower range. Market activity reflected a balance between consistent industrial demand and the fading intensity of speculative buying.
In appearance, Platinum is silvery, whitish-gray, malleable, ductile metal. It is shipped as a finely divided powder (platinum black), as a sponge, as well as particles deposited on a supporting material like alumina. It has a strong catalytic activity in different forms. It is highly resistant to corrosion and is widely used as jewels.
Pt
Catalyst, Electronics, Jewels, Thermocouples, Optical fibres, LCDs, Turbine blades, Spark plugs, Pacemakers , Dental fillings.
Platinum Black, Platin, Platinum Sponge
Johnson Matthey, Acros Organics, Anglo American Platinum Ltd, Sibanye-Stillwater, Norilsk Nickel Mining and Metallurgical Company, Russian Platinum
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In the froth flotation process, first step is to crush platinum containing ore and immerse it in the reagent containing water. During the flotation, air is pumped through the ore-water slurry, leading Platinum particles to rise to the surface in a froth, which is further skimmed for refining and obtaining Platinum.
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