Prices
Updated: June 9, 2026| Exchange / Source | Price | Unit | Date |
|---|---|---|---|
| LBMA | $1,779.00 | USD/oz | June 9, 2026 |
Indicative reference snapshot. Official prices at lme.com (LBMA fix) · cmegroup.com.
About Platinum
Editorial overviewWhat is platinum?
Platinum (Pt, atomic number 78) is a dense silvery-white precious metal in the platinum-group metals (PGMs). It is highly corrosion-resistant and is used mainly where very high temperature stability and catalytic activity matter.
How platinum is priced
Platinum trades 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:
- London Bullion Market Association — LBMA Gold/Silver Prices (UK) — LBMA Platinum Price AM/PM (auction reference) (PLAT), USD/oz, Cash [ref: LBMA Platinum Price — administered by ICE Benchmark Administration]
- NYMEX (CME Group) (USA) — Platinum Futures (PL), USD/oz, Physical
- Osaka Exchange (TOCOM division) (Japan) — Platinum Futures (Standard), JPY/g, Physical
- Multi Commodity Exchange of India (India) — Platinum (Futures), INR/g, Cash
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 comes from
Platinum mine supply is highly concentrated in South Africa, which supplied 3,873 thousand troy ounces in 2026, followed by Russia at 630 thousand ounces, Zimbabwe at 515 thousand ounces, and North America at 235 thousand ounces, with all other regions contributing 202 thousand ounces (Johnson Matthey PGM Market Report). Full breakdown in the production and reserves sections.
Who produces platinum
Major platinum producers include Anglo American Platinum, Impala Platinum, and Sibanye-Stillwater in South Africa, plus Norilsk Nickel in Russia (Johnson Matthey PGM Market Report). WPIC also notes South African mine output remains the dominant source of global platinum supply (WPIC Platinum Quarterly Q1 2026). Full list of producers below.
What platinum is used for
Platinum demand in 2025 was split across automotive at 36%, jewellery at 26%, industrial at 24%, and investment at 13% of total demand; by 2026f, WPIC forecasts 39% automotive, 25% jewellery, 29% industrial, and 7% investment (WPIC Platinum Quarterly Q1 2026). Within 2026f industrial demand, WPIC forecasts chemical uses at 27% of industrial demand, glass at 17%, medical at 15%, and other industrial uses at 27% (WPIC Platinum Quarterly Q1 2026).
Key facts about platinum supply
- Johnson Matthey PGM Market Report: total platinum primary supply was 5,455 thousand troy ounces in 2026, while total secondary supply was 1,576 thousand ounces, for combined supply of 7,031 thousand ounces.
- Johnson Matthey PGM Market Report: South Africa supplied 3,873 thousand ounces of platinum in 2026, equal to about 71% of estimated primary supply.
- Johnson Matthey PGM Market Report: automotive recycling provided 1,204 thousand ounces of platinum in 2026, the largest recycling stream in the supply table.
- WPIC Platinum Quarterly Q1 2026: total supply in 2025 was 7,240 koz versus total demand of 8,431 koz, implying a 1,191 koz deficit; 2026f shows a 297 koz deficit.
- WPIC Platinum Quarterly Q1 2026: above-ground stocks were 2,044 koz in 2025 and are forecast at 1,747 koz in 2026f, indicating continued inventory drawdown.
Sources: Johnson Matthey PGM Market Report, WPIC Platinum Quarterly Q1 2026
Mine Production by Country
Source: USGS MCS 2026| Country | 2024 | 2025e | Reserves |
|---|---|---|---|
| United States | 3,010 | e1,800 | 590,000 |
| Canada | 5,700 | e5,000 | 310,000 |
| Russia | e22,000 | e20,000 | e11,000,000 |
| South Africa | 126,000 | e120,000 | 63,000,000 |
| Zimbabwe | 18,400 | e18,000 | 1,300,000 |
| Other countries | 3,860 | e3,900 | NA |
| World total (rounded) | 179,000 | 170,000 | >76,000,000 |
Unit: kilograms. "e" = estimated, "W" = withheld, "NA" = not available. Source: USGS Mineral Commodity Summaries 2026
Production figures are for platinum specifically. Reserves figures are USGS combined-PGM reserves (Pt+Pd+Rh+Ru+Ir+Os, PGM content) — USGS does not publish reserves split by individual PGM. Source: USGS MCS 2026 Platinum-Group Metals.
Reserves by Country (Top 10)
Source: USGS MCS 2026| Country | Reserves (kilograms, PGM content (combined — USGS does not split PGM reserves by element)) |
|---|---|
| South Africa | 63,000,000 |
| Russia | e11,000,000 |
| Zimbabwe | 1,300,000 |
| United States | 590,000 |
| Canada | 310,000 |
| Other countries | NA |
| World Total | >76,000,000 |
Major Producers (15)
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.
Latest News
All metals news →No recent news for this metal. Visit the Hub news section for all metals news.
Frequently Asked Questions
Auto-generated from primary-source dataWhat is the current price of platinum?
As of June 9, 2026, Platinum traded at $1,779.00 USD/oz on LBMA. Prices update multiple times per business day on TSM Hub from exchange and benchmark feeds.
Which countries produce the most platinum?
The largest platinum producing countries 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 reserves?
The countries with the largest reported platinum reserves are South Africa (63,000,000 kilograms, PGM content (combined — USGS does not split PGM reserves by element)), Russia (e11,000,000 kilograms, PGM content (combined — USGS does not split PGM reserves by element)), Zimbabwe (1,300,000 kilograms, PGM content (combined — USGS does not split PGM reserves by element)). Source: USGS Mineral Commodity Summaries 2026.
Who are the largest global producers of platinum?
Among 780+ producers tracked on TSM Hub, the largest disclosed platinum producers include Impala Platinum (Implats) (South Africa), Anglo American Platinum (South Africa), Sibanye-Stillwater (South Africa). Some operating platinum 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 price data?
Official platinum 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 production and reserves data?
Country-level platinum 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.