Monthly Price Reports

Monthly price reports cover price changes in all the platinum group metals

Also read our weekly reports on platinum, palladium and rhodium.

The documents are supplied in PDF format. To view these you may need to download the free Adobe Acrobat Reader.

August 2008 Price Report

  • Investors sell off commodities and drive the platinum price from an initial $1,717 to $1,313 before it recovers some ground, ending August at $1,479. 

  • The palladium price is also driven lower by a strong dollar and fund sales. It loses $73 during the month despite a late rebound to $302. 

  • Rhodium demonstrates extraordinary volatility, falling from $8,225 to $3,850 before rebounding just as quickly to $6,200.

    • July 2008 Price Report

  • The platinum price declines by 15.3 per cent as funds sell off some long futures positions in response to poor North American automotive production figures.

  • The palladium price follows platinum lower, falling from $467 to $382 as funds liquidate long positions.

  • Rhodium offers re-emerge and the price drops back $1,400 to end the month at $8,325.

    • June 2008 Price Report

  • The platinum market is quieter than in recent months but the price still gains on concerns over the long term impact of the South African power problems.

  • The palladium price finally gains a life of its own: Norilsk Nickel comments on Russian state stockpiles and drives the price to a peak of $475.

  • Rhodium finally breaks the $10,000 per ounce barrier.

    • May 2008 Price Report

  • Volatility increases again but the platinum price rises, driven by South African power problems.

  • The palladium price follows the gold and platinum prices, gaining $12 during the month.

  • Rhodium reaches a new record of $9,900 due to constant levels of physical buying.

    • April 2008 Price Report

    • Volatility decreases slightly in the platinum market and the price subsides to end below $2,000.
    • The palladium price follows the same trajectory as platinum and loses $14 during the month.
    • Rhodium moves back to $9,150 due to constant physical purchasing.

    March 2008 Price Report

    • Platinum hits record of $2,276 but loses ground over the month to end at $2,040 amidst extreme volatility.
    • Palladium follows platinum to record highest price for several years of $588.
    • Rhodium reaches an all-time high of $9,425 but softens slightly to end March at $9,050.

    February 2008 Price Report

  • Platinum: Uncertainty over the impact of power interuptions in South Africa results in series of fresh highs - price hits $2,180.

  • Palladium: Substantial investor interest later in the month pushes price to six year high - 50% higher than that at the start of 2008.

  • Other PGM:  Iridium and ruthenium stable whilst rhodium, similarly affected by the power concerns, moves above $9,000.

    • January 2008 Price Report

  • Platinum: Temporary closure of South African mines drives the price to a new record of $1,731.

  • Palladium: Palladium price boosted by platinum and ends the month positively at $388.

  • Other PGM: Rhodium reaches an all-time high of $7,300. Iridium and ruthenium remain quiet.

    • December 2007 Price Report

  • Platinum: Price rises above $1,500 for the first time ever. Platinum reaches a new peak of $1,544 driven partly by US Dollar weakness.

  • Palladium: Palladium finally follows platinum higher to end the year at $370.

  • Other PGM: Rhodium ends on a 2007 high of $6,850. Iridium price stays at $450 while ruthenium loses ground.

    • November 2007 Price Report

  • Platinum: The price reaches yet another record of $1,484 due to strong purchasing of exchange traded funds and futures on TOCOM.

  • Palladium: Price loses ground with fundamentals unable to inspire buying interest.

  • Other PGM: Rhodium prices approach their allt-time high with good levels of physical purchasing responsible.

    • October 2007 Price Report

  • Platinum: Saftey issues in South Africa and booming oil prices push platinum to a record $1,462.

  • Palladium: Growing NYMEX long positions boost palladium and see it outperform platinum.

  • Other PGM: Rhodium and ruthenium prices firm. Iridium remains unmoved.

    • September 2007 Price Report

  • Platinum: Worries over supply disruptions combine with currency movements to boost platinum prices by $106 in September.

  • Palladium: Price recovers 4.2 per cent due to US Dollar weakness.

  • Other PGM: Ruthenium rises on consumer purchasing. Rhodium remains firm.

    • August 2007 Price Report

  • Platinum: The platinum price falls as credit worries in the USA outweight support from supply disruptions.

  • Palladium: Credit issues and a widespread sell-off on NYMEX drive palladium down to $330.

  • Other PGM: Ruthenium and rhodium both edge higher in quiet conditions.

    • July 2007 Price Report

    • Platinum: Record monthly average price set with a weak US Dollar and wage negotiations providing support.
    • Palladium: Another quiet month sees the price stay between $362 and $370.50.
    • Other PGM: The ruthenium price finally stops falling and starts to climb toward the end of the month.

    June 2007 Price Report

    • Platinum: Challenging wage negotiations in South Africa provide some support but the price slips from $1,287 to $1,273.
    • Palladium: Trades within a range of $360-$375 with no clear direction.
    • Other PGM: Rhodium climbs during the month but ruthenium keeps falling.

    May 2007 Price Report

    • Platinum: ETF expectations initially drive price to $1,336 peak before falling away.
    • Palladium: Price restricted to a $20 range but almost flat overall.
    • Other PGM: Rhodium volatile once again. Rises to $6,350 before weakening.

    April 2007 Price Report

    • Platinum: Announcement of two ETFs helps boost price to $1,286.
    • Palladium: Growing long net NYMEX positions drive $18 price rise.
    • Other PGM: Rhodium shows price volatility but price declines over the month.

    March 2007 Price Report

    • Platinum: Closes at $1,244 after a recovery in the second half of the month.
    • Palladium: little change over the month as price stays mainly in $340-$355 range.
    • Other PGM: Ruthenium price declines but rhodium price climbs slowly.

    February 2007 Price Report

    • Platinum: Rallies to $1,253 as minor supply disruptions worry market.
    • Palladium: a late surge to peak at $355.
    • Other PGM: Ruthenium at $870; iridium starts to move up.

    January 2007 Price Report

    • Platinum: Price rises to $1,169 in quiet market conditions.
    • Palladium: Profit-taking by funds keeps the price flat overall.
    • Other PGM: Ruthenium price keeps on rising to end at $780.

    December 2006 Price Report

    • Platinum: Price tests $1,100 support level as funds take profits.
    • Palladium: Price remains firm, trading in a tight range.
    • Other PGM: Ruthenium gains $235 to reach $610.

    November 2006 Price Report

    • Platinum: Price spikes to a record $1,390 on rumours of ETF and large option settlements.
    • Palladium: Relatively calm, averaging $325.
    • Other PGM: Ruthenium accelerates to $375 as consumer demand continues.

    October 2006 Price Report

    • Platinum: Price drifts lower as some of the heat goes out of the commodity markets.
    • Palladium: Trades in a narrow range but price stays mostly above $300. Other PGM:
    • Rhodium back above $5,000; ruthenium price keeps climbing.

    September 2006 Price Report

    • Platinum: Price volatility increased and platinum fell almost $150 from its September peak to end at $1,144.
    • Palladium: Palladium fell from $345 to $320 amid large daily movements.
    • Other PGM: Rhodium moved from $4,650 to $4,950 before softening to end at $4,800.

    August 2006 Price Report

    • Platinum: Platinum trades sideways for the month, gaining only $13 to $1,240. 
    • Palladium: A stronger month for the palladium price sees a steady rise from $313 to $341.
    • Other PGM: Rhodium traded at $4,650 all month.

    July 2006 Price Report

    • Platinum: A quieter month saw platinum drift lower from $1,243 to $1,227. 
    • Palladium: Traded in a range of $300-$330 and ended at $312.
    • Other PGM: The rhodium market was less active and the price moved down to $4,650.

    June 2006 Price Report

    • Platinum: Price suffers a bumpy month, continuing its fall to $1,125 but making back some of this loss to finish the month at $1,226. 
    • Palladium: The price followed platinum's lead, declining to $280 but picking up once more to end at $312.
    • Other PGM: Rhodium's roller-coaster ride continues as it drops from $5,850 to $4,175 before shooting higher.

    May 2006 Price Report

    • Platinum: Price rockets higher to new all-time record of $1,335, helped by gold and oil price rises. 
    • Palladium: The price peaked above $400 but ended down for the month at $355.
    • Other PGM: Lack of offers sends rhodium price higher, to $6,275, before the price turns back down.

    April 2006 Price Report

    • Platinum: Price continues to climb strongly to end at $1,149.
    • Palladium: Quieter month for palladium sees rise from $336 to $362. Other PGM:
    • Rhodium price presses on to $4,800 and iridium and ruthenium move up.

    March 2006 Price Report

  • Platinum: A quiet first two weeks for platinum is followed by strong performance to reach a record high of $1,084.

  • Palladium: Price follows platinum higher from $286 to a three and a half year high of $345 before dropping back to $322.

  • Other PGM: Rhodium price climbs further to a fifteen year high of $4,350 before softening to $4,025. Ruthenium and iridium push higher.

    • February 2006 Price Report

    • Platinum: Price drops to $1,000 from recent highs before recovering to $1,051 at month end.
    • Palladium: Price barely moves over the whole month (ends at $286) but shows considerable volatility within the month.
    • Other PGM: Rhodium price softens and trades in a range around $3,500.

    January 2006 Price Report

    • Platinum: Price surges to all-time high of $1,074 on speculative buying
    • Palladium: Price breaks out of $260 to $280 range at month end on fund buying
    • Other PGM: Rhodium price forced up to $3,400 by lack of offers

    December 2005 Price Report

    • Platinum: Peak of $1,012 followed by slump to $942 as investors bail out
    • Palladium: Price nears $300 before retreating rapidly as funds take profits
    • Other PGM: Rhodium stays firm around $3,000 as offers of metal remain thin

    October-November Price Report

    • Platinum: Price touches $1,000 as Japanese investment surges
    • Palladium: Price rallies to $268 as fund buying finally makes an impact
    • Other PGM: Rhodium reaches $3,000 for first time since 1991 

    September 2005 Price Report

    • Platinum: Price reaches $930 as investors follow strong rally in gold
    • Palladium: Price pushed briefly above $200 by flood of fund buying
    • Other PGM: No relief for rhodium users as rally accelerates

    August 2005 Price Report

    • Platinum: Price carried through $900 barrier by strong speculative buying
    • Palladium: Price drifts down towards $180 as more funds go short
    • Other PGM: Rhodium price continues to climb as offers diminish

    July 2005 Price Report

    • Platinum: Chinese currency revaluation triggers fund-driven surge towards $900
    • Palladium: Dip to $172 followed by $20 rally as market tracks platinum higher
    • Other PGM: Rhodium market remains tight, trading either side of $2,000

    June 2005 Price Report

    • Platinum: Fund buying drives price to $900 before physical demand drops away
    • Palladium: Price listless in narrow range around $185
    • Other PGM: Rhodium passes $2,000 as end users and investors chase limited offers

    May 2005 Price Report

    • Platinum: Price again fails to consolidate above $880, drops back to solid support around $860
    • Palladium: Price slowly declines towards $180 as funds cut back positions
    • Other PGM: Rhodium turns upwards again as offers of metal remain thin on the ground

    March-April 2005 Price Report

    • Platinum: Platinum pushes briefly above $880 as dollar weakens, then slips back into well worn range
    • Palladium: Price rallies by $26 in four days, then trades quietly around $200
    • Other PGM: Rhodium eases back towards $1,500, ruthenium edges up, while iridium holds steady

    February 2005 Price Report

    • Platinum: Price slides to $847 on dollar rally and Chinese New Year, then recovers
    • Palladium: Price subsides to support around $180, volatility and lease rates low
    • Other PGM: Rhodium rally reaches $1,665 before easing as availability improves

    January 2005 Price Report

    • Platinum: Chinese demand and fund buying produce steady climb to $871
    • Palladium: Further fund buying keeps price above $180 but market remains weak
    • Other PGM: Rhodium reaches $1,525 as lease rates climb to over 20 per cent

    December 2004 Price Report

    • Platinum:  Dollar rebound triggers fund profit-taking, platinum slides to $822
    • Palladium: Support gives way as funds liquidate longs, slide halts around $180
    • Other PGM: Rhodium price remains firm above $1,300 but minor metals weaken

    November 2004 Price Report

    • Platinum: Sinking dollar encourages renewed fund buying; price peaks at $878
    • Palladium: Investors still bullish but price refuses to move above $220
    • Other PGM: Rhodium price climbs to $1,330 as market remains finely balanced

    October 2004 Price Report

    • Platinum: Fund profit-taking followed by volatility either side of $840
    • Palladium: Weak rally to $234 quickly evaporates
    • Other PGM: Rhodium price eases a little as offers of metal increase

    September 2004 Price Report

    • Platinum: Long liquidation to $827 followed by rally to $875 on South African supply concerns
    • Palladium: Price softens then firms as fund interest ebbs and flows
    • Other PGM: Rhodium price remains firm with availability tight

    August 2004 Price Report

    • Platinum: Investor buying on supply concerns boosts price to $885
    • Palladium: Little to report from dull summer trade
    • Other PGM: Speculators fuel rhodium rally to $1,525 before offers of metal emerge

    July 2004 Price Report

    • Platinum: Price regains $800 as investors turn bullish on rand strength
    • Palladium: Price trades either side of $220 in very quiet market
    • Other PGM: Tight physical market pushes rhodium price above $1,000

    June 2004 Price Report

    • Platinum: Strengthening US$ triggers slide from over $840 to under $780 as funds go short
    • Palladium: Price slips from $250 to less than $220 in sluggish trading
    • Other PGM: Rhodium rallies to $970 on industrial and speculative buying

    May 2004 Price Report

    • Platinum: Price falls then rallies as investors react to moves in $ exchange rate
    • Palladium: Continued fund long liquidation pushes price down to $229 before market steadies
    • Other PGM: Prices little changed as investors lose interest

    March-April 2004 Price Report

    • Platinum: Peak of $937 followed by plunge to $783 as funds take profits
    • Palladium: Funds push price to high of $333 before sell-off sees slump to $237
    • Other PGM: Fund interest boosts rhodium briefly to $900

    February 2004 Price Report

    • Platinum: Weakening US dollar and speculative buying propel price to $877
    • Palladium: Fund buying continues but physical sales keep the price in-check
    • Other PGM: Minor metals come to life as speculators spread cash around

    January 2004 Price Report

    • Platinum: Physical demand from China and fund buying fuel rally to $868
    • Palladium: Speculative buying forces price up by $50 but rally falters below $250
    • Other PGM: Rhodium and ruthenium markets slightly firmer, iridium unchanged