Platinum -

: 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.

: Dwindling inventories are projected to reach 2,613 koz by the end of 2026, providing just over four months of global demand cover. Segment Demand Trends (2025–2026) PLATINUM

: Expected to decrease 8% in 2026 to 7,619 koz , largely due to an anticipated reduction in exchange stock inflows and a normalization of jewelry exports from India. : Demand is forecast to contract by 3%

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: High metal prices are expected to drive a 12% decrease in demand in 2026, with the sharpest decline (36%) occurring in China. Corporate & Financial Reports

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