Platinum Struggles to Rebound

2026-02-11 16:10 By Felipe Alarcon 1 min. read

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.



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