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.

Source: World Platinum Investment Council

 

U.S. LABOUR MARKET DATA:

• TUESDAY, NOVEMBER 3 AT 15:00 GMT: U.S. JOLTS JOB OPENINGS (SEPTEMBER). The report will provide further insight into U.S. labor demand and whether businesses are continuing to reduce hiring. A decline in job openings could indicate weaker economic conditions and reinforce expectations of a less restrictive Federal Reserve policy, potentially supporting platinum prices. 
• WEDNESDAY, NOVEMBER 4 AT 13:15 GMT: U.S. ADP NONFARM EMPLOYMENT CHANGE (OCTOBER). The ADP report will offer an early indication of private-sector employment trends ahead of Friday's official jobs report. Employment growth below expectations could increase concerns about the strength of the U.S. economy, potentially weakening the U.S. dollar and supporting platinum prices.
• FRIDAY, NOVEMBER 6 AT 13:30 GMT: U.S. NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (OCTOBER). The official employment report will be one of the week's most important economic releases. Investors will monitor job creation, unemployment and wage growth for signs of further changes in labor market conditions. Stronger-than-expected figures could support the U.S. dollar and weigh on platinum, while weaker data could increase expectations of monetary easing and provide support for the metal.

 

CHINA:

• MONDAY, NOVEMBER 9 AT 02:30 GMT: CHINA INFLATION (CPI) (OCTOBER) (PREVIOUS: +0.9%) 
• TUESDAY, NOVEMBER 10 AT 04:00 GMT: CHINA EXPORT AND IMPORT DATA (OCTOBER) (EXPORT PREVIOUS: +36.3%; IMPORT PREVIOUS: +31%)
• MONDAY, NOVEMBER 16 AT 03:00 GMT: CHINA INDUSTRIAL PRODUCTION (OCTOBER) (PREVIOUS: +5.5%)

 

TECHNICAL ANALYSIS:

• SUPPORT AREA: $1,400 - $1,300. After breaking below its previous support level of 1,500, platinum has now approached its next support zone, between 1,300 and 1,400. This area has not been tested since September 2025. However, price could experience upward correction.

GRAPH (Daily): July 2025 – November 2026

Please note that past performance does not guarantee future results
 

Platinum, November 2, 2026
Current Price:  1440

 

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 14:00 (GMT) 02/11/2026

 

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