Platinum: Current Development and Forecasts
Price Development
According to recent reports, the price of platinum has risen by 10.5% to approximately $1,092 per ounce. This price is above the short-term forecasts that expected prices between $840 and $1,054 for the first half of 2025. The current price development indicates a stronger investment demand, possibly driven by uncertainties in the financial markets or speculation about supply shortages.
Drivers of Development
- Industrial Demand: Demand from the automotive sector (catalysts) is particularly relevant, although other industrial applications also play a role.
- Geopolitical Factors: Supply disruptions from major producing countries such as South Africa can lead to supply shortages.
- Currency Influence: Since platinum is traded in U.S. dollars, fluctuations in the dollar affect the price.
- Investor Interest: Rising investment demands are reflected in higher prices.
Forecasts
Short-term (2025): Analysts continue to expect fluctuations, with potential rises up to about $1,140 by year-end. Other analyses remain more cautious and expect prices slightly above or below $1,000. Long-term (up to 2030+): Optimistic scenarios forecast a slow rise in prices with possible values over $4,000 per ounce by 2035. However, such forecasts are highly speculative.
Palladium: Current Development and Outlook
Price Development
Current reporting highlights a significant price increase for palladium; however, specific figures are lacking. Analysts expect a downward trend starting in June 2025, with monthly declines between -1.3% and -6.6%.
Drivers of Development
- Decline in Demand in the Automotive Sector: The use of palladium in catalysts may be decreasing.
- Supply Situation: No indications of supply problems; oversupply or substitution by other metals is possible.