NEXT WEEEK: 2026 Platinum Group Metals Market Outlook - Register Now

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By CPM Group
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NEXT WEEEK: 2026 Platinum Group Metals Market Outlook - Register Now teaser image

2026 Platinum Group Metals Market Outlook

July 21, 2026 10:00 AM EDT

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Most Platinum Group Metals all rose sharply in 2025 and early 2026, many to record levels. Platinum and palladium subsequently have declined sharply.

Many platinum group metals markets participants and observers assumed the rise in prices reflected strong fabrication demand. This was true in iridium and ruthenium, but in platinum, palladium, and rhodium the price increase reflected a variety of factors, some of which may have been driven by false optimism.

CPM Group will provide a review of what has been and still is affecting these markets; as well as some of our market expectations for the rest of 2026.

In a tradition going back to 1981, CPM Group has provided the most comprehensive PGM market coverage through our annual Platinum Group Metals Yearbooks and presentations, as well as our continual research and consulting services.

CPM Group’s 2026 Platinum Group Metals Market Briefing and Yearbook address what really is happening in the platinum, palladium, rhodium, and minor PGM markets with the most comprehensive, unbiased, authoritative, and credible statistics and analysis.

Topics Covered:

  • The factors that drove PGM price movements in 2025 and into 2026
  • The auto industry’s impact on PGM demand and prices
  • The impact now and in the future of the shift to EVs
  • The evolving picture of mine supply in response to PGM prices and operational constraints
  • Scrap supply’s role in influencing these markets
  • Accurate assessments of the platinum and palladium balances
  • Trends in investment demand for physical metal
  • Why Osmium prices remained unchanged as other PGM prices rose
  • New-found interest in iridium and ruthenium in a range of industrial uses
  • And much more.

CPM Group provides a thorough review of PGM market trends and fundamentals, with in-depth analyses and statistics on mine production, secondary recovery from scrap, fabrication demand, inventories, futures and options market information, investment demand, and prices.

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CPM Group

CPM Group is a commodities research, consulting, financialadvisory and commodities management firm providing independent research,analysis and advisory services related to commodities markets, corporate andproject finance, and the financial management of exposure to commodity orientedinvestments.

We started our business in 1986 predicated on the idea that commoditiesresearch and advice is best delivered by independent experts who do not work forbanks, brokers, mining companies, or any other entity that has interests thatcould conflict with the best interests of the clients receiving the research,analysis, and advice.

All of our work is driven by fundamental commodities research and economicanalysis. As we undertake our research into individual commodities markets wegather a tremendous amount of information and develop an enormous body ofextremely high quality, unbiased analysis of the markets and the companies thatare involved with individual commodities. The outputs of our research andanalysis take the form of research reports, specialized and targeted consultingrelated to these markets, financial advisory services ranging from corporate andproject finance structuring to equity introductions, and managing specificcommodities and investment positions for clients.

CPM Group continues to demonstrate the economic value and financial worth ofsuperior research, information, and analysis. Our research is based onmicro-economic analysis of the individual components of each commodity market,wedded with a top-down macro-economic analysis of the global trends affectingthese markets. We apply the results of that analysis to our research,consulting, and advisory services.

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.