Platinum Price | Current and Forecast
Monitor Platinum Prices Worldwide
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See monthly Platinum prices in 5 locations: United States, Europe. Also check Platinum price history since 2007 and forecasts. The chart below is a sample of Intratec Primary Commodity Prices - subscribe now and gain access to current prices of 237 commodities, including Platinum.
Data Legend. The Platinum price chart shows the prices in USA Dollar per troy Ounce (USD/t oz) in 2 locations, as follows:
- US: Platinum, United States, spot, cif
- EUR: Platinum, Europe, spot, exw, Switzerland
Data Use. Platinum prices are provided as an annual subscription where subscribers have access to reliable pricing data of 237 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
Intratec Primary Commodity Prices
Track global current prices of 237 commodities including Platinum
Current Monthly Prices
Price History & Forecasts
Prices in Multiple Locations
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Plans Starting at $299 USD /year
Price Dynamics. The Platinum price in United States decreased during November 2018 to 903 USD per t oz, which represents a decline of 7% compared to the previous month’s value. On a year-over-year basis, Platinum prices in United States decreased significantly by 8%. Meanwhile, in Switzerland, the average price of Platinum amounted to 841 USD per t oz, from 943 USD per t oz one year earlier. On a month-over-month basis, the Platinum price in Switzerland is 3% lower than the price one month before.
About Platinum. Platinum is a metallic element with atomic number 78, a transition metal, member of group 10 of the periodic table. It is one the rarest elements in Earth’s crust, for this scarcity, only a few hundred tons of platinum are produced annually, given the metals important uses, platinum’s high value makes it a precious metal commodity. Human use of platinum date back to the seventh century B.C.E, and the first report of the metal was made in 1557. Industrial use of the element began in the 1880s and platinum production grew rapidly after the 1920s, when the largest known deposits were discovered. The metal is extremely unreactive, being of great use in the chemical industry, and for its rare metal character, it is also used extensively in jewelry.
Platinum is an extremely valuable material, so its transportation is usually done using highly safe trucks with trained personal. Since it is one of the most unreactive elements in existence, no other special measures must be taken to preserve platinum in its normal form. Platinum must be accompanied by a certification of assay and must be delivered to the depository by an exchange-approved carrier in order to maintain the chain of integrity.
Raw materials and the respective production processes employed in the manufacturing of Platinum are listed below.
- Copper/nickel anodic slimes/mud (sulfating roast process/hydrometallurgical refining; platinum is recovered as a byproduct)
The uses and applications of Platinum may vary according to its specification. The main forms of Platinum are physically pure (99.99%); chemically pure (CP, 99.9%); crucible platinum (99.5%); and commercial (99.0%).
