Platinum Price OutlookPlatinum prices increased in recent weeks, even as gold and silver prices fell over the same period. On 8 March, platinum traded at USD 818 per troy ounce, which was 2.4% higher than on the same day last month. The price was up 3.0% on a year-to-date basis but was 14.3% lower than on the same day in 2018. Recent gains likely stemmed from miner strikes in leading producer South Africa, with the prospect of labor disruption hitting platinum supply causing prices to rise. South Africa’s Association of Mineworkers and Construction Union announced it plans to extend ongoing strikes in the gold sector into the platinum sector over a job cut announcement by mining company Sibanye-Stillwater in February. Meanwhile, tumbling automobile sales early this year across key markets China, the U.S. and Europe ought to have limited price gains, given that platinum is used in vehicle engines to reduce carbon emissions.
Platinum Price History Data (USD per troy ounce, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Platinum Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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