Platinum Prices Dip, but Supply Deficits Hint at Long‑Term Upside
Platinum, palladium and rhodium prices have fallen more than 30% from January highs amid Middle East tensions and higher interest‑rate expectations, triggering large sell‑offs in ETFs and futures. Analysts forecast further downside in the second half of 2026, yet long‑term supply deficits and growing demand from automotive, tech and green‑energy sectors suggest a potential rebound. Share prices of major PGM producers have declined, creating valuation gaps that may offer selective investment opportunities.
Platinum, palladium and rhodium prices have fallen more than 30% from January highs amid Middle East tensions and higher interest‑rate expectations, triggering large sell‑offs in ETFs and futures. Analysts forecast further downside in the second half of 2026, yet long‑term supply deficits and growing demand from automotive, tech and green‑energy sectors suggest a potential rebound. Share prices of major PGM producers have declined, creating valuation gaps that may offer selective investment opportunities.
Short‑term bearish pressure on PT, PD and RH is likely to continue through H2 2026, tightening margin calls for producers and keeping ETFs and futures in a sell‑side bias. However, persistent supply deficits and rising demand from automotive and technology markets could support a rebound, making long‑term positions attractive for traders willing to weather the dip.