Weekly Special Report: Platinum

PLATINUM USE AND MARKET SHARE

• PLATINUM has been a key element in auto catalysts for over forty years, especially for diesel engines, and is increasingly vital in hydrogen fuel cells. The automotive sector is its largest consumer, accounting for about 40% of annual demand.
• MARKET SHARE (PRODUCERS): BIGGEST PLATINUM PRODUCERS IN THE WORLD: South Africa is the largest producer, holding 72.8% of the global market share, while Russia is the second with 8-10% of the market. Zimbabwe is third with 5%.
• MARKET SHARE (CONSUMERS): China is the world's largest platinum consumer, with 34%, while Europe holds 22%, and North America holds 16% of the platinum consumed worldwide.

PLATINUM MARKET: TIGHT SUPPLY AND STRUCTURAL DEMAND UNDERPIN 2026 OUTLOOK

• MARKET DEFICIT: PHYSICAL INVENTORY LEVELS BECAME EXTREMELY LOW GLOBALLY. Platinum supply is limited, with Russia producing a large share of the global output. Above-ground platinum stocks are estimated to cover only around three months of demand. (Source: World Platinum Investment Council - WPIC).
• SUPPLY CONSTRAINTS: MINE OUTPUT REMAINS LIMITED BY SOUTH AFRICAN PRODUCTION RISK. World Platinum Investment Council (WPIC) data show that global platinum mine output remains concentrated in South Africa, where aging assets, power shortages, and labor uncertainty continue to suppress meaningful supply growth in 2026.
• SLOWER ELECTRIC VEHICLE ADOPTION AND SUSTAINED DEMAND FOR HYBRID AND INTERNAL COMBUSTION VEHICLES. Hybrid vehicles still require catalytic converters, supporting platinum demand in the automotive sector. Incoming emissions regulations are also supportive of automotive platinum demand, as stricter standards increase the importance of catalyst systems.
• INDUSTRIAL DEMAND ROSE 41% YEAR-ON-YEAR IN THE FIRST QUARTER 2026.
•  BAR AND COIN DEMAND IS EXPECTED TO BE 33% HIGHER IN 2026 THAN IN 2025, indicating strong retail and physical investment interest. (Source: World Platinum Investment Council - WPIC).

EVENTS:

• SUNDAY, MAY 31 AT 2:30 GMT+1: CHINA MANUFACTURING PMI (MAY). The Manufacturing PMI (Purchasing Managers’ Index) provides an early monthly indication of economic activity in China’s manufacturing sector.
• FRIDAY, JUNE 5 AT 13:30 GMT+1: U.S. NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (MAY). Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. A weaker-than-expected payroll report and a rising unemployment rate would highlight a softening U.S. labor market, increasing expectations for further Federal Reserve rate cuts.

TECHNICAL ANALYSIS

• MID-TERM TREND IS UP. Since April 2025, platinum has remained in a solid uptrend (green line). Since December 2025, the price has rebounded several times from the strong support area, with the most recent rebound occurring in March.
• SUPPORT AREA: $1700 – $1800. This zone represents its next support area for Platinum prices. However, there remains a risk of a potential breakout below this level if market conditions change.
• PRICE ACTION: Platinum price hit an all-time high of $2,920 (January 26, 2026). Platinum price currently trades at around $1,921, and if a full recovery takes place, then platinum prices could see an upside of around 52%. However, it could also decline.

GRAPH (Daily): April 2025 - May 2026

Please note that past performance does not guarantee future results

Platinum, May 29, 2026
Current Price:  1,921

Example of calculation based on weekly market trend for 1.00 Lot¹

1. The above calculations are made based on 1.00 lot which is equivalent of 100 units
2. Calculations for exchange rate used as of 11:55 (GMT+1) 29/05/2029

You can use risk management tools such as Stop-Loss and Take-Profit.