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Most Platinum Group Metals all rose sharply in 2025 and early 2026, many to record levels. Platinum and palladium subsequently have declined sharply.

Many platinum group metals markets participants and observers assumed the rise in prices reflected strong fabrication demand. This was true in iridium and ruthenium, but in platinum, palladium, and rhodium the price increase reflected a variety of factors, some of which may have been driven by false optimism.

CPM Group will provide a review of what has been and still is affecting these markets; as well as some of our market expectations for the rest of 2026.

In a tradition going back to 1981, CPM Group has provided the most comprehensive PGM market coverage through our annual Platinum Group Metals Yearbooks and presentations, as well as our continual research and consulting services.

CPM Group’s 2026 Platinum Group Metals Market Briefing and Yearbook address what really is happening in the platinum, palladium, rhodium, and minor PGM markets with the most comprehensive, unbiased, authoritative, and credible statistics and analysis.

Topics Covered:

• The factors that drove PGM price movements in 2025 and into 2026
• The auto industry’s impact on PGM demand and prices
• The impact now and in the future of the shift to EVs
• The evolving picture of mine supply in response to PGM prices and operational constraints
• Scrap supply’s role in influencing these markets
• Accurate assessments of the platinum and palladium balances
• Trends in investment demand for physical metal
• Why Osmium prices remained unchanged as other PGM prices rose
• New-found interest in iridium and ruthenium in a range of industrial uses
• And much more.

CPM Group provides a thorough review of PGM market trends and fundamentals, with in-depth analyses and statistics on mine production, secondary recovery from scrap, fabrication demand, inventories, futures and options market information, investment demand, and prices.

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