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.
