Weekly Special Report: Platinum

 

PLATINUM USE AND MARKET SHARE

• TOP PLATINUM INDUSTRIES: Platinum is primarily used in automotive catalytic converters (37% of global demand), followed by jewellery (26%), industrial applications (23%) and investment (14%). Other uses include chemical production, glass manufacturing, electronics and medical applications. Platinum is also used in hydrogen technologies, including fuel cells and electrolysers.
• TOP PLATINUM PRODUCERS: South Africa dominates global platinum mine production, accounting for approximately 71% of total output, followed by Russia (12%), Zimbabwe (11%), Canada (3%), and the United States (1%). South Africa, Russia and Zimbabwe together account for approximately 93% of global mine production, making the market highly concentrated and exposed to potential supply disruptions.
• TOP PLATINUM CONSUMERS: China is the world's largest individual platinum consumer, accounting for approximately 22% of global demand, followed by Western Europe (18%), North America (15%), Japan (7%), and India (3%). Demand is closely linked to automotive manufacturing, jewellery production and industrial activity, particularly in China, Europe, Japan and the United States.

 

EVENTS (U.S.):

• TUESDAY, NOVEMBER 10, AT 13:30 GMT: U.S. INFLATION (CPI) (OCTOBER) (MONTHLY). U.S. Headline Inflation (CPI) (Monthly) is expected to show a decline from September’s 0.6%. Core Inflation (CPI) (Monthly) is expected to show a decline from September’s 0.3% as well.

NOTE: Year-over-Year (YoY) Rate (Annual): No official annual inflation rate will be published for headline or core CPI because the US government shutdown in October 2025 disrupted data collection, leaving no data for comparison.

• FRIDAY, NOVEMBER 13 AT 13:30 GMT: U.S. PRODUCERS’ PRICE INDEX (PPI) (OCTOBER) (MONTHLY). U.S. Headline PPI (Monthly) is expected to show a decline from September’s 1.3%. Core PPI (Monthly) is expected to show a decline from September’s 0.7% as well.

 

EVENTS (CHINA):

• MONDAY, NOVEMBER 16 AT 02:00 GMT: CHINA INDUSTRIAL PRODUCTION (OCTOBER) (PREVIOUS: +5.5%). For October, the market will be watching whether industrial activity remains resilient. A result above the previous 5.5% would indicate stronger industrial momentum and could support expectations for Chinese economic growth and platinum demand.

 

TECHNICAL ANALYSIS:

• BREAKING (NOVEMBER 4): PLATINUM PRICE HITS ITS LOWEST LEVEL IN 14 MONTHS ($1385.6).
• SUPPORT AREA: $1500 – $1,400. According to the daily chart below, platinum has found strong support in the area between $1,400 and $1500. Most recently, in early November 2026, the price tested levels near $1,400, reaching an approximately 14-month low of $1385.6.

GRAPH (Daily):  September 2025 - November 2026                                       

Please note that past performance does not guarantee future results

 

Platinum, November 9, 2026
Current Price:  1,559

 

Example of calculation based on weekly market trend for 1.00 Lot¹

1. The above calculations are made based on 1.00 lot which is equivalent of 100 units
2. Calculations for exchange rate used as of 13:50 (GMT) 9/11/2026

 

You can use risk management tools such as Stop-Loss and Take-Profit