Platinum futures traded below $2,100 per ounce, struggling near a two-month low amid a broader recent sell-off in precious metals. Strong US economic data and expectations of tighter monetary policy sparked technical selling across metals, with robust jobs figures reinforcing views that the Federal Reserve may delay rate cuts. The decline was also driven by profit-taking after platinum’s rally to record highs since late 2025, while risk-off flows and rapid de-risking across equities, crypto, and metals triggered sharp short-term liquidations. Meanwhile, a slower-than-expected rollout of electric vehicles is helping keep platinum-group metals in supply shortfalls over the coming years. Eased EU restrictions on gasoline and diesel car sales have also boosted sentiment around the metals. According to Valterra Platinum Ltd.’s CEO, platinum and other PGMs are expected to remain in a supply-demand deficit for several years, helping keep prices historically high despite the recent pullback.

Platinum fell to 2,046.70 USD/t.oz on February 16, 2026, down 1.46% from the previous day. Over the past month, Platinum's price has fallen 13.84%, but it is still 105.72% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Platinum reached an all time high of 2923.70 in January of 2026. Platinum - data, forecasts, historical chart - was last updated on February 16 of 2026.

Platinum fell to 2,046.70 USD/t.oz on February 16, 2026, down 1.46% from the previous day. Over the past month, Platinum's price has fallen 13.84%, but it is still 105.72% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Platinum is expected to trade at 2120.93 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2450.56 in 12 months time.



Price Day Month Year Date
Gold 4,986.88 -57.04 -1.13% 6.61% 72.01% Feb/16
Silver 76.61 -1.352 -1.73% -19.08% 136.60% Feb/16
Copper 5.78 -0.0257 -0.44% -2.03% 25.82% Feb/16
Steel 3,056.00 16.00 0.53% -2.80% -4.68% Feb/13
Lithium 143,750.00 1250 0.88% -11.81% 88.52% Feb/13
Platinum 2,051.70 -25.40 -1.22% -13.63% 106.22% Feb/16
Iron Ore 99.66 -0.71 -0.71% -7.45% -6.71% Feb/13


Platinum
Platinum is mostly traded on the New York Mercantile Exchange, the Tokyo Commodity Exchange and the London Bullion Market. Platinum futures contract trades in units of 50 troy ounces. Platinum is among the world's scarcest metals and is used primarily in the production of automotive catalytic converters, in petroleum refineries and in the chemical and electrical industry. South Africa accounts for 80% of production followed by Russia and North America. Platinum prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
2046.70 2077.10 2923.70 97.70 1968 - 2026 USD/t oz. Daily

News Stream
Platinum Nears Two-Month Low
Platinum futures traded below $2,100 per ounce, struggling near a two-month low amid a broader recent sell-off in precious metals. Strong US economic data and expectations of tighter monetary policy sparked technical selling across metals, with robust jobs figures reinforcing views that the Federal Reserve may delay rate cuts. The decline was also driven by profit-taking after platinum’s rally to record highs since late 2025, while risk-off flows and rapid de-risking across equities, crypto, and metals triggered sharp short-term liquidations. Meanwhile, a slower-than-expected rollout of electric vehicles is helping keep platinum-group metals in supply shortfalls over the coming years. Eased EU restrictions on gasoline and diesel car sales have also boosted sentiment around the metals. According to Valterra Platinum Ltd.’s CEO, platinum and other PGMs are expected to remain in a supply-demand deficit for several years, helping keep prices historically high despite the recent pullback.
2026-02-13
Platinum is down by 5.11%
Platinum decreased 5.11% to 2036.1 USD/t.oz
2026-02-12
Platinum Struggles to Rebound
Platinum futures traded loosely above $2,100 per ounce, struggling to stage a sustained rebound from yearly lows as soft autocatalyst demand and firmer US yields offset lingering supply constraints. While intermittent disruptions and power constraints in South Africa have limited mined output, above-ground inventories and steady recycling flows have cushioned the immediate impact on physical availability, preventing a sharper squeeze. On the demand side, autocatalyst consumption remains uneven as global vehicle production grows only modestly and the gradual shift toward electric vehicles tempers long term internal combustion engine demand, reducing incremental platinum loadings. At the same time, firmer US labor market data and expectations that the Federal Reserve will delay rate cuts have supported yields and the dollar, dampening investment demand for precious metals and limiting inflows into platinum.
2026-02-11