Platinum group metal mining production in South Africa dropped sharply in August 2026, cutting output and reducing available supply. The decline is expected to lift upward pressure on PGM prices due to tighter market conditions.
Valterra Platinum, operator of Platreef, UG2, Merensky and Great Dyke PGM ores, has publicly targeted chrome concentrate sales exceeding 2 million mt over the next five years under its Vision 2031 strategy. Increased chrome recovery from PGM ore processing streams could tighten available PGM ore feedstocks and influence PGM concentrate availability and pricing.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Ruthenium | China | FOB | USD 53,047.50/KG | August 2026 |
| Ruthenium | India | FOB | USD 53,138.50/KG | August 2026 |
| Ruthenium | USA | FOB | USD 53,161.50/KG | August 2026 |
| Ruthenium | Germany | FOB | USD 53,161.50/KG | August 2026 |
| Ruthenium | Canada | FOB | USD 53,203.50/KG | August 2026 |
| Ruthenium | China | FOB | USD 51,632.90/KG | July 2026 |
| Ruthenium | India | FOB | USD 51,739.71/KG | July 2026 |
| Ruthenium | USA | FOB | USD 51,766.53/KG | July 2026 |
| Ruthenium | Germany | FOB | USD 51,766.53/KG | July 2026 |
| Ruthenium | Canada | FOB | USD 51,820.39/KG | July 2026 |
Stay updated with the latest Ruthenium prices, historical data, and tailored regional analysis
In China, the average price of Ruthenium rose from ~USD 51,632.90/KG (FOB) in July to ~USD 53,047.50/KG in August, an increase of ~2.7%. India followed the same path, with average prices climbing about 2.7% from ~USD 51,739.71/KG (FOB) to ~USD 53,138.50/KG. Ruthenium has no exchange price and follows global producer benchmarks, which also apply in Asia. Prices were steady in early July, then advanced in mid-July after the Hunter Valley Hydrogen Hub in Australia reached its final investment decision. The project will use PEM electrolysers, which raised interest in platinum-group metals used in hydrogen technology, and ruthenium could benefit further if lower-iridium anodes based on ruthenium reach commercial use. Supply stayed tight. South African mine supply rose about 12% in the first half of the year, but yields improved only about 1.5%, showing a recovery rather than real growth. Scheduled processing maintenance also raised concerns about refined supply in Q3. Prices held flat at the higher level in late August as buyers paused buying.
Analyst Insight
According to Procurement Resource, in the near term, ruthenium prices are likely to stay firm on limited by-product supply and growing hydrogen-related interest.
Need Latest Ruthenium Prices?
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Our Clients
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
In China, the average price of Ruthenium edged up from ~USD 50,637/KG in April to ~USD 51,120/KG in June, showing a modest increase. Chinese conditions remained supported by electronics and emerging catalyst applications, while limited global availability prevented any declines. A new synthetic aviation-fuel pilot using a ruthenium-on-silica catalyst also indicated expanding specialty chemical consumption. Ruthenium prices in India averaged ~USD 50,688/KG in April and rose slightly to ~USD 51,208/KG in June. Indian values followed international PGM availability and replacement costs, with electronics and specialty chemical users maintaining controlled procurement. Average Ruthenium prices in the USA moved from ~USD 50,725/KG in April to ~USD 51,275/KG in June. U.S. demand remained supported by hard-disk-drive manufacturing and AI-related data-storage expansion. Electronics account for roughly one third of global ruthenium demand, making storage technology an important consumption driver. Supply remained constrained, with major producers showing no immediate large increase in refined availability.
Ruthenium is a chemical element belonging to the platinum group of the periodic table, which is one of the rare transition metals . Like the other metals of the platinum group, ruthenium is inert to the most other chemicals as well. Ruthenium is generally found as a minor component of platinum ores.
Ru
Electrical Applications, Industrial Appliances, Building or Construction Materials
Ruthenium Black, Rutenio
Umicore N.V, BASF SE, Russian Platinum, Anglo American Platinum Limited, Johnson Matthey
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.
Ruthenium, being a member of the platinum group metals, is derived as a by-product from nickel and copper and platinum metals ore processing. Further, it is refined before its commercial use.
Our Price Analysis Methodology
Senior Business Insights Analyst
Delivering price trend analysis and procurement market insights at Procurement Resource, with expertise in identifying commodity patterns, supporting purchasing strategies, and improving cost efficiency through actionable market intelligence.
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply–demand dynamics and capacity-driven market analysis
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
