Platinum Price Outlook

Platinum prices were broadly unchanged over the last month. On 10 July, platinum traded at USD 835 per troy ounce, which was down 0.4% from the same day last month. The price was 14.0% lower on a year-to-date basis but was up 1.5% from the same day in 2019. Prices have stayed fairly stable in recent weeks. On the one hand, demand conditions likely improved somewhat at the tail end of Q2 and heading into Q3 as lockdowns were lifted and vehicle demand gradually recovered—platinum is used in vehicles’ catalytic converters. In China, car sales rose year-on-year in June, aided by government incentives and discounting. On the other hand, platinum supply from South Africa—the world’s largest producer of the metal—has likely improved since the South African government allowed mines to operate at full capacity from the start of June.

Platinum Price History Data (USD per troy ounce, aop)

2015  2016  2017  2018  2019  
Platinum 1051.85  987.37  948.13  879.15  863.77  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Platinum Historical Price Chart


Platinum historical price chart
Note: Platinum prices in USD per troy ounce (toz). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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