Supply Constraints Position Platinum for a Strong 2026
In 2025, investors primarily focused on precious metals like silver and gold as geopolitical tensions intensified and inflationary pressures persisted. Analysts now argue that attention should also extend to platinum and palladium as supply constraints increasingly come into focus. Last year saw strong gains across the precious metals complex, with silver prices rising by nearly 150%, palladium advancing by about 80%, and platinum climbing more than 126%. With demand expected to rise as supply conditions tighten, palladium and platinum prices are expected to remain supported through 2026. About 80% of demand for platinum group metals comes from the automotive sector, where they’re used in catalytic converters in internal combustion engines. While the growing adoption of electric vehicles did slightly affect the demand for these devices, TD Securities analysts expect demand…
