Prices
Updated: June 9, 2026| Exchange / Source | Price | Unit | Date |
|---|---|---|---|
| LBMA (Platinum) | $1,779 | USD/oz | June 9, 2026 |
| LBMA (Palladium) | $1,254 | USD/oz | June 9, 2026 |
About Platinum Group Metals
Editorial overviewWhat is platinum group metals?
Platinum-group metals (PGMs) are a basket of six closely related precious metals: platinum, palladium, rhodium, ruthenium, iridium, and osmium. They are prized for catalytic, chemical, and high-temperature performance rather than as bulk structural metals.
How platinum group metals are priced
Platinum Group Metals trade on multiple officially regulated exchanges. Each publishes its own daily settlement, fixing or auction reference price for its specific contract — there is no single “world price”. The complete list of active regulated venues for platinum group metals:
- London Platinum and Palladium Market — LBMA Platinum/Palladium Prices (UK) — LBMA Platinum Price, USD, Auction reference price; LBMA Palladium Price, USD, Auction reference price
- NYMEX (CME Group) (USA) — Platinum (PL), USD, Physical; Palladium (PA), USD, Physical
- Guangzhou Futures Exchange (China) — Platinum (PT), CNY, Physical; Palladium (PD), CNY, Physical
- Osaka Exchange (TOCOM division) (Japan) — Platinum, JPY, Physical; Palladium, JPY, Physical
- Multi Commodity Exchange of India (India) — Platinum (PLATINUM), INR, Cash
- Borsa İstanbul — Precious Metals & Diamond Market (Türkiye) — Platinum (Spot), TRY/USD/EUR, Physical; Palladium (Spot), TRY/USD/EUR, Physical
- Moscow Exchange — Precious Metals Market (Russia) — Platinum Spot (PLTRUB_TOM), RUB, Physical; Palladium Spot (PLDRUB_TOM), RUB, Physical
- St. Petersburg International Mercantile Exchange (Russia) — Platinum Spot, RUB, Physical
- Johannesburg Stock Exchange — Commodity Derivatives (South Africa) — Platinum Futures (PLT), ZAR, Cash (referenced to NYMEX); Palladium Futures (PALL), ZAR, Cash (referenced to NYMEX)
Principle: One True Source for All. Every officially regulated exchange with an active contract is listed, regardless of geography or sanctions. Cash-settled contracts list both the listing exchange (where the contract clears) and the underlying benchmark index used for final settlement. Fastmarkets, S&P Global Platts and Argus are regulated benchmark administrators under UK/EU BMR, not exchanges. Source: TSM exchanges registry (maintained from public regulatory and exchange filings).
Where platinum group metals comes from
USGS Mineral Commodity Summaries 2026 reports PGM mine supply concentrated in South Africa, Russia, Zimbabwe, North America, and other smaller producers, with South Africa far ahead of the rest in refined production. The USGS country table in the WPIC-linked supply data shows South Africa at 3,957 koz in 2025 and 4,005 koz forecast for 2026, followed by Russia, Zimbabwe, North America, and other regions. World Platinum Investment Council Full breakdown in the production and reserves sections.
Who produces platinum group metals
Leading PGM producers include Valterra Platinum, Impala Platinum, Northam Platinum, Sibanye-Stillwater, and Anglo American Platinum in South Africa, with additional output from Russian state-linked Norilsk Nickel and Zimbabwean producers. WPIC identifies the main South African members that underpin global platinum supply, while USGS country data show South Africa and Russia as the dominant producing countries. World Platinum Investment Council Full list of producers below.
What platinum group metals is used for
Platinum demand is split mainly across automotive autocatalysts, industrial uses, jewellery, and investment: WPIC says autocatalysts have been 36% to 44% of total demand over the last five years, industrial uses average 30%, jewellery averages 27%, and investment ranges from -8% to 14% of demand. For the 2026 forecast, WPIC shows automotive at 2,959 koz, industrial at 2,238 koz, jewellery at 1,958 koz, and investment at 519 koz. World Platinum Investment Council
Key facts about platinum group metals supply
- World platinum supply is forecast at 7,377 koz in 2026, with mine supply at 5,551 koz and recycling at 1,826 koz, according to WPIC’s Q1 2026 outlook. World Platinum Investment Council
- WPIC says primary mining supplied 75% to 79% of annual platinum supply over the last five years, showing that PGMs remain mostly mine-dependent despite meaningful recycling. World Platinum Investment Council
- WPIC’s table shows 2025 platinum supply by region at 3,957 koz from South Africa, 677 koz from Russia, 516 koz from Zimbabwe, 212 koz from North America, and 196 koz from other sources. World Platinum Investment Council
- WPIC forecasts 2026 platinum demand at 7,674 koz versus supply of 7,377 koz, implying a 297 koz deficit for the year. World Platinum Investment Council
Sources: World Platinum Investment Council
Mine Production by Country
Source: USGS MCS 2026Platinum Production
| Country | 2024 |
|---|---|
| United States | 3,010 |
| Canada | 5,700 |
| Russia | e22,000 |
| South Africa | 126,000 |
| Zimbabwe | 18,400 |
| Other countries | 3,860 |
| World total (rounded) | 179,000 |
Production unit: kilograms. "e" = estimated, "W" = withheld. Source: USGS MCS 2026
Palladium Production
| Country | 2024 |
|---|---|
| United States | 10,200 |
| Canada | 17,000 |
| Russia | e89,000 |
| South Africa | 82,600 |
| Zimbabwe | 15,200 |
| Other countries | 2,870 |
| World total (rounded) | 217,000 |
Production unit: kilograms. "e" = estimated, "W" = withheld. Source: USGS MCS 2026
PGM Reserves (Combined)
| Country | Reserves |
|---|---|
| United States | 590,000 |
| Canada | 310,000 |
| Russia | e11,000,000 |
| South Africa | 63,000,000 |
| Zimbabwe | 1,300,000 |
| Other countries | NA |
| World total (rounded) | >76,000,000 |
Reserves unit: kilograms, PGM content. "e" = estimated, "W" = withheld. Source: USGS MCS 2026
Major Producers (20)
Ranked by latest disclosed total PGM production (4E or 6E basis)Companies ranked by most recently disclosed annual platinum-group metals production (thousand troy ounces). Each card links to the primary source (annual report, production report, or exchange filing). "Not disclosed" means the company does not publish metal-specific tonnage — common for private Chinese/state-owned groups and pre-production projects.
South Africa
IMP
3,550
koz PGM
FY2025
South Africa
AMS
3,412
koz PGM
FY2025
Zimbabwe
Private (50/50 Implats
254
koz PGM
FY2025
Zimbabwe
VAL
240
koz PGM
FY2024
Canada
Subsidiary → JSE:IMP
237
koz PGM
FY2025
Canada / Norway
GLEN
116
koz PGM
FY2025
South Africa
ARI
Undisclosed Output
Not disclosed
FY2025
Key mines: Modikwa (41.5% ARM), Two Rivers (54% ARM), Bokoni (100% ARM); ~616 koz 6E (100% basis FY25), attributable undisclosed in primary reports.
Russia
GMKN
Undisclosed Output
Not disclosed
FY2024
Primary operations at Talnakh and Norilsk sites on Taimyr Peninsula; reports Pd 2762 koz and Pt 667 koz separately, no combined 4E/6E PGM total found in primary sources.
South Africa (project); Canada (incorporated)
Pre-production
Not yet in production
FY2025
Pre-production developer/operator of Waterberg Project, a planned bulk underground PGM mine on Northern Limb Bushveld Complex, South Africa; no operational production reported in FY2025 (year ended Aug 31, 2025).
Canada
VALE
Undisclosed Output
Not disclosed
FY2024
Sudbury mines, mill, smelter, refinery; PGMs produced as nickel by-products (Pt 107 koz, Pd 120 koz company-wide FY2024), no Sudbury-specific 4E/6E reported.
South Africa
IMP
3,550
koz PGM
FY2025
South Africa
AMS
3,412
koz PGM
FY2025
Zimbabwe
ZIM
646
koz PGM
FY2024
Canada
GLEN
116
koz PGM
FY2025
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Frequently Asked Questions
Auto-generated from primary-source dataWhat is the current price of platinum group metals?
As of June 9, 2026, Platinum Group Metals traded at $1,779 USD/oz on LBMA (Platinum), with parallel quotes on LBMA (Palladium). Prices update multiple times per business day on TSM Hub from exchange and benchmark feeds.
Which countries produce the most platinum group metals?
The largest platinum group metals producing countries (Platinum Production) are South Africa (126,000 kilograms), Russia (e22,000 kilograms), Zimbabwe (18,400 kilograms). Source: USGS Mineral Commodity Summaries 2026.
Which countries hold the largest platinum group metals reserves?
The countries with the largest reported platinum group metals reserves (PGM Reserves (Combined)) are South Africa (63,000,000 kilograms, PGM content), Russia (e11,000,000 kilograms, PGM content), Zimbabwe (1,300,000 kilograms, PGM content). Source: USGS Mineral Commodity Summaries 2026.
Who are the largest global producers of platinum group metals?
Among 780+ producers tracked on TSM Hub, the largest disclosed platinum group metals producers include Impala Platinum (Implats) (South Africa), Anglo American Platinum (South Africa), Sibanye-Stillwater (South Africa). Some operating platinum group metals producers do not publish metal-specific tonnage — such as African Rainbow Minerals (ARM Platinum) (South Africa), Nornickel (Russia), Vale Base Metals (Sudbury Operations) (Canada) — and are listed with an “Undisclosed Output” badge instead of a rank, in line with our principle of never inventing numbers absent from primary sources. Full ranking with primary-source links is available in the producers section.
Where can I find official platinum group metals price data?
Official platinum group metals prices are published by LBMA. TSM Hub aggregates these feeds under licensed market-data redistributor agreements and updates them twice daily.
What is the primary source for platinum group metals production and reserves data?
Country-level platinum group metals production and reserves figures on TSM Hub are sourced directly from the USGS Mineral Commodity Summaries 2026, the U.S. Geological Survey's authoritative annual reference. Company-level production figures come from each producer's official annual report, production report, or regulated exchange filing.