Platinum (LBMA) Prices

06-02-2026 - Over the past month, the price of Platinum (LBMA) has experienced a notable decline, dropping from $2,362.0/oz to $2,024.0/oz. This decrease suggests a significant reduction in the value of this raw material, potentially due to changes in market demand or supply dynamics. The forecast predicts a further slight decrease to $2,010.6/oz, down by $13.4/oz or 0.7%, indicating a generally stable price trend with minimal risk of fluctuations.

The current forecast highlights a significant negative impact from technical data, with a $54.4/oz effect primarily driven by price signals and trend following. However, data on demand, flows, and supply indicate upward pressure, presenting mixed signals for the raw material market.

In contrast, the World Bank's April 2025 Commodity Markets Outlook anticipates a 2% increase in platinum prices for 2026. This projection is attributed to declining production among major suppliers in South Africa and North America, suggesting a modest upward trend. This outlook contrasts with the forecast's prediction of a price decrease to $2,010.6/oz in the coming month, indicating differing opinions on the short-term direction of platinum prices.