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Market balance of platinum worldwide from 2021 to 2024, with a forecast for 2025 (in million ounces)

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Source

Release date

February 2025

Region

Worldwide

Survey time period

2021 and 2025

Special properties

Balance of production and consumption excluding investment demand and other stock movements.

Supplementary notes

* Forecast.

Citation formats

Global platinum market balance 2021-2025

Published by
Doris Dokua Sasu,
Aug 28, 2025

The global platinum market experienced a market balance in 2024, a close to **** ounces. In 2023, however, there was a global platinum market deficit of about ** ounces, down from a surplus of approximately ** ounces in 2022. 

Platinum – together with palladium, rhodium, ruthenium, iridium and osmium – form the platinum group metals or PGMs.

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