: Reported a 15% decrease in PGM production in Q2 2025 due to flooding at the Amandelbult operations. Their latest Q1 2026 production report was released on April 23, 2026 .
The platinum market is entering its fourth consecutive year of supply deficits, with a forecast for 2026.
: Demand is forecast to contract by 3% in 2026 to 2,943 koz , as a 12% rise in hybrid vehicle production is offset by lower light-duty internal combustion engine (ICE) production.
The report, published by the World Platinum Investment Council (WPIC) , highlights a record-breaking 1,082 koz deficit for the full year 2025. This was the deepest shortfall in the data series since 2014, driven by a 65% surge in investment demand. Market Summary & 2026 Outlook
: Forecast to grow 2% in 2026 to 7,379 koz , primarily due to a 10% increase in recycling supply as higher prices incentivize the processing of spent autocatalysts.