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World Platinum Investment Council – WPIC®

Platinum Quarterly Q2 2026

Our 48th Platinum Quarterly analyses Q2 2026 supply and demand and includes an updated full year forecast for 2026.

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Yuexin Precious Metals platinum bar

Introducing Yuexin Precious Metals

Eric Wang, General Manager, discusses how developments in China are shaping the ambitions of this precious metals business

 

Read WPIC® 60 Seconds in Platinum

GFEX platinum and palladium futures supporting liquidity and price discovery in China’s evolving PGM markets

GFEX platinum and palladium futures supporting liquidity and price discovery in China’s evolving PGM markets

Read Platinum Perspectives

Sustainable Aviation Fuel (SAF) growth positions platinum as a key driver of the aviation energy transition

Sustainable Aviation Fuel (SAF) growth positions platinum as a key driver of the aviation energy transition

Read Platinum Essentials

Why invest in platinum?

Platinum’s attraction as an investment asset arises from the following:

  • After three years of significant deficit, the moderate surplus forecast for full year 2026 is insufficient to rebuild above ground stocks to sustainable levels
  • Platinum supply is constrained, with limited scope to increase mine supply in the short-to-medium term. Higher prices have led to some recycling supply growth, but so far this year the rate of growth has fallen short of expectations
  • Diversity of end uses and a lack of lower-priced alternatives are supportive of platinum demand despite downside risks from unexpected external events or structural trends
  • Platinum is a critical mineral in the modern economy, underpinning a key role in emissions control, the hydrogen economy, and growing AI applications
  • The platinum price remains undervalued versus the price of gold

Did you know?

78% of platinum group metal reserves are concentrated in Southern Africa.

Our platinum facts infographic highlights the unique properties of this rare metal, which underpin demand for platinum across a diverse range of industries and applications. Learn how platinum supply is scarce relative to other precious metals and why platinum works to improve our world, as well as being the best metal for fine jewellery. Discover more about platinum as an investment asset, including ways to invest in physical platinum.

More Platinum Facts

The World Platinum Investment Council provides insights to advance platinum investment.

Our next Platinum Quarterly report will be published on 18 November 2026. Please subscribe to receive it regularly.