Neutral
Platinum price remains stable at $1,800 amid mixed industrial demand and supply forecasts.
Over the past 24 hours, platinum prices have remained relatively stable around $1,800 per ounce. The World Platinum Investment Council (WPIC) forecasts a modest surplus of 265,000 ounces in 2026, a shift from its previous deficit estimate. This surplus is primarily due to decreased investment demand, particularly from platinum-backed ETFs, and a decline in jewelry demand, especially in China. However, industrial demand is expected to rise by 5% in 2026, partly driven by applications in artificial intelligence infrastructure.
Key points
- WPIC forecasts a 265,000-ounce platinum surplus in 2026, reversing earlier deficit expectations.
- Platinum prices have fallen 10% this year to around $1,800 per ounce, influenced by weaker investment and jewelry demand.
- Industrial demand for platinum is projected to increase by 5% in 2026, supported by AI infrastructure applications.
Sources
AI-generated from public news sources. Not financial advice.
