Platinum futures remained below $950 per tonne, down more than 20% from its 8-month high of $1153 hit in March, as aggressive monetary tightening across the world including Fed’s supersized 75 bps rate-hike in June fueled fears of a recession, raising prospects of a lesser vehicle production. Also, demand recovery from top consumer China is expected to remain subdued as China re-introduced lockdowns in key cities amid a fresh outbreak of covid cases.

Historically, Platinum reached an all time high of 2290 in March of 2008. Platinum - data, forecasts, historical chart - was last updated on June of 2022.

Platinum is expected to trade at 910.59 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 847.92 in 12 months time.

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Price Day Month Year
Gold 1,826.18 3.75 0.21% -1.44% 2.57%
Silver 21.11 0.175 0.84% -3.91% -19.04%
Copper 3.76 0.0040 0.11% -11.67% -12.40%
Steel 4,301.00 12.00 0.28% -7.01% -12.39%
Iron Ore 116.50 -0.50 -0.43% -10.38% -47.05%
Lithium 477,500.00 0 0% 4.14% 436.52%
Platinum 907.50 0.75 0.08% -3.83% -18.32%

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
907.50 906.75 2290.00 97.70 1968 - 2022 USD/t oz. Daily