RE: Commodity Prices30 Jul 2025 07:10
Platinum prices
During the second quarter of this year, the price of the metal, a key component in catalytic converters for vehicle emissions, saw a 36% increase.
This surge was driven by several factors: a rise in Chinese imports, significant flows into NYMEX exchange stocks due to potential US import tariffs, and a concurrent decline in South African output.
At the time of writing, the platinum price on COMEX was at $1,446.50 an ounce, up 1.7% from the previous close.
Commerzbank AG expects platinum prices to average $1,350 an ounce by the end of 2025 compared to $1,250 an ounce projected earlier.
Prices are not high enough
However, Miller further stated that platinum prices remain too low for the industry to contemplate increasing production.
Miller said:
You need to see another 50% increase in prices in order to incentivise that new production to come to market. So we still think there’s some way to go.
Valterra, previously known as Anglo American Platinum, announced an 81% decline in half-year profit.