This chart shows Platinum price assessments in USA Dollar per troy Ounce (USD/t oz) as follows:
- Platinum, GLO (Global): Platinum, spot price, i-w, United States
- Platinum, EUR (Europe): Platinum, spot price, i-w, Switzerland
The chart above is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 225 commodities, including Platinum.
Data Use
Platinum prices are provided as an annual subscription where subscribers have access to reliable pricing data of 225 commodities worldwide.
Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies.
This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology.
Data Delivery Methods
Platinum price assessments are available via different delivery methods:
- Online charts
- Directly into Excel (using Intratec Add-in)
- Power BI dashboards
- Web API (to facilitate integration with existing workflows)
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Platinum Price Outlook
Platinum Price Outlook. The price of Platinum (Europe) increased during June 2020 to 846 USD per t oz, which represents a considerable rise of 34% compared to the previous month’s value. On a year-over-year basis, the prices of Platinum (Europe) increased modestly by 1%. Meanwhile, the average price of Platinum (Global) amounted to 890 USD per t oz, from 896 USD per t oz one year earlier. On a month-over-month basis, the price of Platinum (Global) is 7% lower than the price one month before.
About Platinum
About Platinum. Platinum stands out as one of the rarest elements in Earth's crust, with human utilization dating back to the seventh century B.C. The first documented report of the metal emerged in 1557, and industrial applications began in the 1880s. Notably, Platinum production experienced significant growth after the 1920s, marked by the discovery of the largest known deposits.
The exceptional rarity of Platinum, coupled with its crucial applications, positions it as a highly valued precious metal commodity. Its remarkable chemical inertness renders it indispensable in the chemical industry, while its scarcity enhances its allure in the realm of jewelry. Despite its pivotal role, global Platinum production remains limited, totaling only a few hundred tons annually, with South Africa contributing approximately 70% of this output.
Platinum Handling. 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.
Platinum Production. 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 by-product)
Platinum Uses. The uses and applications of Platinum may vary according to its specification. Usually, Platinum is traded in the form of ingots/bars, with a 99.95-99.98% purity. Otherwise, for specific purposes, Platinum can be commercialized in other grades, such as spectroscopically pure (99.999%), physically pure (99.99%), chemically pure (CP, 99.9%), and technically pure (99%).