Significant 2026 platinum price rise forecast by Bank of America Securities
With strong demand for platinum group metals (PGMs) continuing, Bank of America Securities Global Research has raised its 2026 platinum price forecast to $2 450/oz from $1 825/oz and its 2026 palladium price forecast to $1 725/oz from $1 525/oz. Key takeaways from the bank’s latest Global Metals Weekly dated January 9 are that the dislocations of PGMs from trade disputes are keeping markets tight, especially in the case platinum. In addition, China’s platinum imports are adding support.
With strong demand for platinum group metals (PGMs) continuing, Bank of America Securities Global Research has raised its 2026 platinum price forecast to $2 450/oz from $1 825/oz and its 2026 palladium price forecast to $1 725/oz from $1 525/oz. Key takeaways from the bank’s latest Global Metals Weekly dated January 9 are that the dislocations of PGMs from trade disputes are keeping markets tight, especially in the case platinum. In addition, China’s platinum imports are adding support.
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