Platinum Futures Near Record High

2025-12-22 12:50 By Dongting Liu 1 min. read

Platinum futures surged to above $2,200 per ounce, hitting a record high, driven by tight supply conditions and strong investment demand.

On the supply side, the market has recorded three consecutive annual deficits, with the 2025 shortfall estimated at 692,000 ounces.

This has cut above-ground stocks by 42%, leaving less than five months of coverage.

Demand fundamentals have also strengthened.

The EU softened its planned 2035 ban on combustion-engine vehicles, proposing a 90% reduction in CO2 emissions from 2021 levels while allowing plug-in hybrids.

This shift is expected to slow the pace of electrification and support long-term platinum demand for automotive catalysts.

Investment demand remains robust, with the World Platinum Investment Council projecting Chinese platinum bar and coin purchases of 418,000 ounces in 2025.

Confidence in Chinese demand has also been boosted by the launch of platinum futures on the Guangzhou Futures Exchange.



News Stream
Platinum Trades Near 7-Month Lows
Platinum futures traded around $1,600 an ounce, hovering near their lowest level since November 2025 as precious metals broadly weakened after renewed clashes in the Middle East reignited inflation concerns. Although the US and Iran agreed to pause further attacks after recent exchange of strikes around the Strait of Hormuz, oil prices climbed as the latest escalation disrupted the recovery in oil shipments through the key waterway that had followed an earlier interim deal. The US dollar also remained broadly stronger, making dollar-denominated commodities such as platinum more expensive for buyers of other currencies. Markets continue to anticipate that the Federal Reserve will raise rates this year after a hawkish tone from new Chair Kevin Warsh and upward revisions to inflation forecasts. Meanwhile, the platinum market remains structurally tight as output from major producers South Africa and Russia remains constrained by aging mines, high costs, and sanctions-related disruptions.
2026-06-29
Platinum is down by 6.55%
Platinum decreased 6.55% to 1553.2 USD/t.oz
2026-06-24
Platinum Hits 30-week Low
Platinum decreased to 1593.00 USD/t.oz, the lowest since November 2025. Over the past 4 weeks, Platinum lost 18.28%, and in the last 12 months, it increased 17.9%.
2026-06-24