Platinum and palladium price forecasts raised for 2026 after a big 2025 rally

What happened

Analysts lifted 2026 average price forecasts to roughly $1,550/oz for platinum and $1,262.50/oz for palladium, citing tight mine supply, tariff uncertainty, and spillover from gold’s bull market. Year to date, platinum is up about 76% and palladium about 56%.

Why it matters

Higher platinum group metal (PGM) prices typically help PGM miners and recyclers, while they raise costs for automakers that rely on catalytic converters. LKQ’s scale in processing used catalytic converters suggests better recovery values when PGM prices rise.

Winners - PGM miners

Reason: Direct revenue leverage to higher realized prices for platinum and palladium, with Stillwater (Montana) and South African operations benefitin ...