PGM Supply Constraints Persist, Prices Remain Low Amid High Inventories
September 15, 2026 at 09:11 PM•Mining Weekly•bearish•Importance: 70/100
PlatinumPalladiumRhodium
A Metals Focus report projects continued supply deficits for platinum, palladium and rhodium next year, yet high inventories are keeping prices subdued. The consultancy highlights robust demand but warns that excess stock will weigh on price levels.
A Metals Focus report projects continued supply deficits for platinum, palladium and rhodium next year, yet high inventories are keeping prices subdued. The consultancy highlights robust demand but warns that excess stock will weigh on price levels.
Short‑to‑medium term, the persistent supply deficits could support a price rebound once inventories are drawn down, but current high stockpiles keep prices low. Traders should watch inventory releases and demand data for potential price swings.