From Yahoo Finance: 2025-06-11 12:38:00

Platinum and palladium prices have surged to multi-year highs, with platinum reaching $1,272.45/oz and palladium at $1,078.62/oz. Platinum has risen 41% this year due to supply concerns, investor interest, and increased jewelry demand. Palladium is up 18%, but faces challenges due to its narrow demand base, primarily from car manufacturers.

Platinum’s diverse uses, including in jewelry, industrial applications, and investor demand, have shielded it from headwinds that palladium faces. Palladium, used mainly in catalytic converters for gasoline vehicles, is struggling with declining demand from traditional automakers transitioning to electric vehicles.

The rise of electric vehicles is impacting both platinum and palladium, but platinum is expected to be moderately supported in the next 6-12 months. Platinum jewelry demand benefits from high gold prices, while palladium’s future depends on the auto industry’s stability. Gold and silver have also seen significant gains this year.

Global sales of battery-electric vehicles and plug-in hybrids have increased, particularly in China. The transition to EVs will affect platinum and palladium differently, with platinum likely to see less downside risk due to its broader applications. Platinum’s price outlook is more positive compared to palladium.



Read more at Yahoo Finance: Platinum surges, palladium lags on narrow demand profile