# Platinum Price per kg (United States)

Platinum costs $53,892 per kg contained in the United States as of October 2026, on the Stockatomics monthly benchmark. Platinum has moved little in the past month (−1.6%).

Source: https://www.stockatomics.com/commodities/platinum-price-us
Category: Critical Minerals (https://www.stockatomics.com/commodities/critical-minerals)
Lists: US Critical Minerals List, EU Critical Raw Materials Act

## Key figures

| Figure | Value |
| --- | --- |
| Price per kg contained | $53,892 |
| Price type | Stockatomics monthly benchmark |
| Price month | October 2026 |
| 1-month change | −1.6% |
| 6-month change | −11.1% |
| 1-year change | +23.9% |
| 5-year change | +57.9% |
| 12-month high | $68,252 |
| 12-month low | $50,403 |
| Last updated | 18 October 2026 |

## Price summary

Over the past month the price is broadly flat, at −1.6%. Its 12-month range runs from a low of $50,403 to a high of $68,252. It is +23.9% over the past year and +57.9% over five years.

## Platinum monthly prices

USD per kg contained, newest first.

| Month | Price | Change |
| --- | --- | --- |
| October 2026 | $53,892 | 0.0% |
| September 2026 | $53,892 | 0.0% |
| August 2026 | $53,892 | −1.6% |
| July 2026 | $54,759 | −8.0% |
| June 2026 | $59,548 | −8.1% |
| May 2026 | $64,831 | +2.8% |
| April 2026 | $63,046 | −7.6% |
| March 2026 | $68,252 | +12.6% |
| February 2026 | $60,623 | −5.2% |
| January 2026 | $63,982 | +26.9% |
| December 2025 | $50,403 | −0.3% |
| November 2025 | $50,574 | +2.1% |
| October 2025 | $49,551 | +13.1% |
| September 2025 | $43,823 | +0.8% |
| August 2025 | $43,488 | +1.3% |
| July 2025 | $42,941 | +21.9% |
| June 2025 | $35,239 | +12.3% |
| May 2025 | $31,371 | −0.1% |
| April 2025 | $31,392 | +1.2% |
| March 2025 | $31,028 | −0.4% |
| February 2025 | $31,163 | +2.8% |
| January 2025 | $30,328 | −0.8% |
| December 2024 | $30,583 | −3.1% |
| November 2024 | $31,574 | +1.5% |
| October 2024 | $31,117 | +1.4% |
| September 2024 | $30,684 | −1.8% |
| August 2024 | $31,253 | −1.6% |
| July 2024 | $31,745 | −3.3% |
| June 2024 | $32,826 | +1.7% |
| May 2024 | $32,268 | +6.5% |
| April 2024 | $30,298 | +3.2% |
| March 2024 | $29,351 | −0.5% |
| February 2024 | $29,486 | −4.1% |
| January 2024 | $30,761 | +4.1% |
| December 2023 | $29,545 | +1.8% |
| November 2023 | $29,010 | −3.5% |
| October 2023 | $30,077 | −1.9% |
| September 2023 | $30,660 | +2.3% |
| August 2023 | $29,975 | −3.4% |
| July 2023 | $31,021 | −3.5% |
| June 2023 | $32,136 | −5.7% |
| May 2023 | $34,066 | +4.9% |
| April 2023 | $32,467 | +5.5% |
| March 2023 | $30,778 | −4.7% |
| February 2023 | $32,282 | −2.6% |
| January 2023 | $33,148 | +5.1% |
| December 2022 | $31,532 | −2.9% |
| November 2022 | $32,479 | +10.9% |
| October 2022 | $29,285 | +1.5% |
| September 2022 | $28,865 | −2.1% |
| August 2022 | $29,477 | +0.2% |
| July 2022 | $29,422 | −8.6% |
| June 2022 | $32,185 | −3.0% |
| May 2022 | $33,177 | −4.4% |
| April 2022 | $34,715 | +2.3% |
| March 2022 | $33,945 | +3.9% |
| February 2022 | $32,684 | +3.4% |
| January 2022 | $31,617 | −10.3% |
| December 2021 | $35,236 | −4.9% |
| November 2021 | $37,062 | +14.9% |
| October 2021 | $32,255 | −0.6% |
| September 2021 | $32,439 | −5.0% |
| August 2021 | $34,131 | −5.4% |
| July 2021 | $36,069 | −4.1% |
| June 2021 | $37,615 | −3.0% |
| May 2021 | $38,780 | +4.7% |
| April 2021 | $37,054 | −2.4% |
| March 2021 | $37,967 | +2.5% |
| February 2021 | $37,047 | +11.8% |
| January 2021 | $33,124 | +5.5% |
| December 2020 | $31,407 | +9.9% |
| November 2020 | $28,577 | +0.6% |
| October 2020 | $28,412 | −4.8% |
| September 2020 | $29,858 | +3.0% |
| August 2020 | $28,993 | +7.4% |
| July 2020 | $26,994 | +4.8% |
| June 2020 | $25,755 | +3.8% |
| May 2020 | $24,804 | +3.7% |
| April 2020 | $23,910 | −12.0% |
| March 2020 | $27,164 | −12.5% |
| February 2020 | $31,061 | +2.6% |
| January 2020 | $30,266 | +5.2% |
| December 2019 | $28,780 | −1.9% |
| November 2019 | $29,347 | +0.8% |
| October 2019 | $29,113 | +1.0% |
| September 2019 | $28,811 | +6.9% |
| August 2019 | $26,944 | −3.1% |
| July 2019 | $27,796 | +3.8% |
| June 2019 | $26,775 | −1.7% |
| May 2019 | $27,246 | +0.7% |
| April 2019 | $27,061 | +2.6% |
| March 2019 | $26,372 | +0.7% |
| February 2019 | $26,195 | −0.2% |
| January 2019 | $26,241 | −1.9% |
| December 2018 | $26,763 | −1.8% |
| November 2018 | $27,241 | +1.8% |
| October 2018 | $26,768 | +2.3% |
| September 2018 | $26,176 | −3.8% |
| August 2018 | $27,206 | −1.5% |
| July 2018 | $27,622 | −3.9% |
| June 2018 | $28,728 | −1.5% |
| May 2018 | $29,155 | −4.6% |
| April 2018 | $30,575 | −2.9% |
| March 2018 | $31,482 | −2.9% |
| February 2018 | $32,410 | +2.8% |
| January 2018 | $31,515 | +6.0% |
| December 2017 | $29,725 | −3.7% |
| November 2017 | $30,882 | +0.3% |
| October 2017 | $30,799 | −2.9% |
| September 2017 | $31,720 | +7.0% |
| August 2017 | $29,636 | +0.4% |
| July 2017 | $29,509 | −0.9% |
| June 2017 | $29,763 | −2.3% |
| May 2017 | $30,452 | −1.9% |
| April 2017 | $31,035 | −2.7% |
| March 2017 | $31,900 | +0.2% |
| February 2017 | $31,823 | +4.1% |
| January 2017 | $30,580 | −1.4% |
| December 2016 | $31,013 | −1.1% |
| November 2016 | $31,360 | −6.1% |
| October 2016 | $33,398 | +1.1% |
| September 2016 | $33,020 | −4.7% |
| August 2016 | $34,649 | +3.2% |
| July 2016 | $33,569 | +4.2% |
| June 2016 | $32,206 | −0.6% |
| May 2016 | $32,392 | +2.3% |
| April 2016 | $31,657 | +5.4% |
| March 2016 | $30,030 | +3.1% |
| February 2016 | $29,118 | +4.1% |
| January 2016 | $27,967 | −3.7% |
| December 2015 | $29,037 | −2.0% |
| November 2015 | $29,623 | −3.7% |
| October 2015 | $30,772 | −6.5% |
| September 2015 | $32,904 | +0.4% |
| August 2015 | $32,765 | −3.4% |
| July 2015 | $33,932 | −4.9% |
| June 2015 | $35,679 | −3.0% |
| May 2015 | $36,778 | −0.1% |
| April 2015 | $36,800 | −2.9% |
| March 2015 | $37,911 | −3.5% |
| February 2015 | $39,293 | +0.5% |
| January 2015 | $39,111 | 0.0% |
| December 2014 | $39,114 | −0.7% |
| November 2014 | $39,374 | −5.6% |
| October 2014 | $41,689 | −7.1% |
| September 2014 | $44,897 | −4.4% |
| August 2014 | $46,947 | −1.8% |
| July 2014 | $47,812 | +5.0% |
| June 2014 | $45,550 | −3.2% |
| May 2014 | $47,044 | +2.1% |
| April 2014 | $46,071 | −0.4% |
| March 2014 | $46,264 | +1.8% |
| February 2014 | $45,446 | +1.1% |
| January 2014 | $44,950 | +4.3% |
| December 2013 | $43,079 | −7.9% |
| November 2013 | $46,795 | −0.3% |
| October 2013 | $46,933 | −2.0% |
| September 2013 | $47,877 | +4.1% |
| August 2013 | $45,972 | +0.8% |
| July 2013 | $45,606 | −4.4% |
| June 2013 | $47,688 | −0.6% |
| May 2013 | $47,956 | +4.0% |
| April 2013 | $46,124 | −9.4% |
| March 2013 | $50,921 | −4.3% |
| February 2013 | $53,183 | +8.3% |
| January 2013 | $49,125 | −4.0% |
| December 2012 | $51,182 | +1.9% |
| November 2012 | $50,214 | −6.4% |
| October 2012 | $53,628 | +5.8% |
| September 2012 | $50,710 | +11.6% |
| August 2012 | $45,453 | −2.2% |
| July 2012 | $46,477 | −2.4% |
| June 2012 | $47,627 | +0.9% |
| May 2012 | $47,183 | −10.1% |
| April 2012 | $52,464 | −1.2% |
| March 2012 | $53,126 | +2.9% |
| February 2012 | $51,623 | +11.6% |
| January 2012 | $46,265 | −3.6% |
| December 2011 | $47,990 | −6.9% |
| November 2011 | $51,559 | −1.9% |
| October 2011 | $52,561 | −8.0% |
| September 2011 | $57,107 | +3.7% |
| August 2011 | $55,084 | +3.0% |
| July 2011 | $53,469 | −6.5% |
| June 2011 | $57,170 | +1.7% |
| May 2011 | $56,237 | −2.5% |
| April 2011 | $57,702 | +0.1% |
| March 2011 | $57,636 | +44.4% |
| February 2011 | $39,902 | −27.5% |
| January 2011 | $55,059 | +2.8% |
| December 2010 | $53,551 | +1.8% |
| November 2010 | $52,606 | +0.5% |
| October 2010 | $52,369 | +7.2% |
| September 2010 | $48,859 | −1.9% |
| August 2010 | $49,788 | +1.9% |
| July 2010 | $48,862 | −5.2% |
| June 2010 | $51,550 | −2.0% |
| May 2010 | $52,608 | +3.5% |
| April 2010 | $50,841 | +4.9% |
| March 2010 | $48,482 | −1.6% |
| February 2010 | $49,264 | +11.6% |
| January 2010 | $44,151 | - |

## What platinum is used for

Platinum (Pt) has three pillars of demand: **autocatalysts**, mainly for diesel engines; **jewellery**; and a broad **industrial** base, from the glass fibre and chemical industries to petroleum refining. Its newest market is **hydrogen**, where platinum is the catalyst in fuel cells and in PEM electrolysers, alongside investment demand for bars and coins.

### Other uses

- Bushings for glass fibre production
- Catalysts for nitric acid and silicones
- Medical devices and cancer drugs such as cisplatin
- Sensors and electrodes

## Platinum supply and demand factors

Platinum supply is dominated by **South Africa**, with Russia and Zimbabwe next, and mine output has struggled for years with ageing shafts, power shortages and underinvestment. Demand spans diesel catalysts, jewellery, industry and investment, with **hydrogen** fuel cells and electrolysers as long-term growth. The market has run in deficit in recent years, drawing down above-ground stocks.

### What moves the price

- South African mine output and power supply
- Car production and platinum-for-palladium substitution
- Hydrogen technology deployment
- Investment flows and above-ground stocks

## Platinum price history

Platinum peaked in 2008 and then spent years in decline, especially after the diesel emissions scandal of 2015 hit demand for diesel catalysts. A run of supply deficits from 2023, as South African output struggled, set up a strong rally in 2025 that took prices to their highest levels in over a decade.

As of October 2026, the Stockatomics benchmark price is $53,892 per kg contained.

## Where platinum is produced

**South Africa** produces most of the world's platinum from the Bushveld Complex, the largest platinum group metals deposit known, followed by **Russia** and **Zimbabwe**, whose Great Dyke is the next richest source. Canada and the United States produce smaller amounts.

## Why platinum is a critical mineral

Platinum is on the **US critical minerals list**, and the platinum group metals are on the **EU critical raw materials list**. Catalysts, fuel cells and electrolysers depend on it, and supply is concentrated in South Africa and Russia.

## How the platinum benchmark price is calculated

Stockatomics publishes a monthly US benchmark price for platinum in US dollars per kg contained, reading as of October 2026. The price is for contained platinum metal, not for a catalytic converter or a fuel cell stack.

### Converting the price

- Per troy ounce, the unit used for precious metals: divide the price per kg by 32.15

## Platinum stocks

| Company | Ticker | Exchange | Role |
| --- | --- | --- | --- |
| [Impala Platinum](https://www.stockatomics.com/companies/impala-platinum-otc-impuy) | IMPUY | OTC | Producer |
| [Sibanye-Stillwater](https://www.stockatomics.com/companies/sibanye-stillwater-nyse-sbsw) | SBSW | NYSE | Producer |

## FAQ

### What is the price of platinum per kg today?

Platinum costs $53,892 per kg contained in the United States as of October 2026, on the Stockatomics monthly benchmark. Stockatomics updates it every month.

### What is platinum used for?

Catalytic converters, mainly for diesel engines, jewellery, industrial uses from glass fibre to chemicals, and hydrogen fuel cells and electrolysers.

### Who produces platinum?

South Africa produces most of the world's platinum, followed by Russia and Zimbabwe.

### Why did platinum prices rise in 2025?

Several years of supply deficits, as South African output struggled with ageing mines and power problems, drained above-ground stocks and set up a strong rally.

### How is the platinum benchmark price calculated?

The Stockatomics benchmark for platinum is a monthly US price in US dollars per kg contained, published every month and current as of October 2026.

## Related commodities

- [Palladium price per kg](https://www.stockatomics.com/commodities/palladium-price-us): $41,504 per kg contained
- [Rhodium price per kg](https://www.stockatomics.com/commodities/rhodium-price-us): $258,682 per kg contained
- [Chromium price per kg](https://www.stockatomics.com/commodities/chromium-price-us): $1.86 per kg contained
- [Iridium price per kg](https://www.stockatomics.com/commodities/iridium-price-us): $158,394 per kg contained
- [Ruthenium price per kg](https://www.stockatomics.com/commodities/ruthenium-price-us): $44,386 per kg contained
- [Lithium price per kg](https://www.stockatomics.com/commodities/lithium-price-us): $89.62 per kg contained

## Sources

- U.S. trade data: the monthly platinum price.
- U.S. Geological Survey (USGS): the US critical minerals list.
- Company filings: the listed companies and their roles.

Last updated 18 October 2026.