08/20/2026
Platinum is on the move 📈
Platinum jumped above $1,840 today, pushing to a new two-month high.
Current PGM prices:
• Platinum: $1,841/oz
• Palladium: $1,336/oz
• Rhodium: $8,550/oz
Platinum has been gaining momentum as lower bond yields, ongoing supply concerns, and continued automotive demand support the market. South African mining disruptions remain an important supply factor, while growing hybrid vehicle production continues to support demand for platinum-group metals used in catalytic converters.
Palladium has also moved higher from recent lows, supported by supply uncertainty and continued autocatalyst demand.
For the catalytic converter industry, moves in platinum, palladium, and rhodium can directly affect converter values. That’s why staying current with the metals market matters — pricing can change quickly as PGM markets move.
Stay informed. Stay current.
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