Platinum Price Forecast: What to Expect in Q4 2025
Platinum has been making headlines in 2025 by outperforming other precious metals like gold and silver. This year, it has surged nearly 49%, reaching its highest price since 2014. The rally is driven by fears of supply shortages, geopolitical tensions, and strong demand from industries such as automotive catalysts, jewelry, hydrogen fuel cells, and chemical manufacturing.
Looking ahead to the fourth quarter of 2025, experts and AI-driven forecasts suggest that platinum prices will continue their upward trend. Various predictive models estimate that platinum could trade between roughly $980 and $1,200 per ounce during Q4. Some forecasts even point toward prices exceeding $1,100 an ounce on average for the quarter.
Several factors support this optimistic outlook:
– **Supply Deficits:** The platinum market is expected to experience a third consecutive year of supply deficits in 2025. Estimates indicate a shortfall ranging from about 475,000 to over 700,000 ounces compared to demand. This ongoing tightness limits available inventory and puts upward pressure on prices.
– **Geopolitical Risks:** Rising geopolitical tensions—such as conflicts involving key producing regions—have heightened concerns about disruptions in the platinum supply chain. These risks tend to boost safe-haven buying and speculative interest in precious metals like platinum.
– **Industrial Demand:** Despite some forecasted declines in overall demand for platinum this year due to shifts within industries like automotive manufacturing (where palladium sometimes substitutes), robust consumption remains especially strong in Asia’s jewelry markets and emerging technologies such as hydrogen fuel cells.
– **Market Sentiment:** Investors have shown increased appetite for platinum amid what some call “gold fatigue,” where gold’s earlier gains have led traders to seek alternative precious metals with better momentum potential.
In summary terms (without summarizing), the combination of constrained supplies alongside steady or growing industrial use creates a favorable environment for higher platinum prices through late 2025. While exact price points vary among analysts—from around $980 up toward $1,200 per ounce—the consensus leans bullish heading into Q4 as market fundamentals remain supportive of continued strength for this versatile metal.