Platinum is looking very promising for the next ten years, and there are several reasons why experts expect its price and demand to rise steadily.
First, platinum prices have already been climbing and are expected to continue this upward trend. Forecasts suggest that platinum could reach around $1,400 by mid-2025 and even hit $1,500 by mid-2026. Over the next five years, prices might more than double from current levels. By 2035, some predictions see platinum reaching over $4,000 per ounce—more than triple what it costs today. This shows strong confidence in its future value.
One big factor behind this bullish outlook is supply concerns. Platinum is a rare metal with limited sources of production worldwide. Any disruptions or shortages can push prices higher because demand often outpaces supply. Recently, these worries about supply have helped drive prices to their highest levels since 2014.
On the demand side, platinum has many important uses that are expected to grow over time. It plays a crucial role in automotive catalytic converters which help reduce harmful emissions from cars—a market likely to expand as environmental regulations tighten globally. Additionally, industries like jewelry making and electronics also rely on platinum’s unique properties.
In the United States specifically, the market for platinum is projected to grow slightly but steadily through 2035 in both volume and value terms. The total consumption could reach around 3,600 tons with a market value exceeding $130 billion by then.
All these factors combined—rising prices driven by tight supply alongside growing industrial demand—make platinum’s outlook very positive for investors and industries alike over the coming decade.