PGM basket price surges 85% as platinum, palladium and rhodium all rally
South African PGM producers' realised basket price rose 85% year-on-year to $2,801 an ounce in the first half of 2026, as platinum, palladium and rhodium rallied together.
South African PGM producers' realised basket price rose 85% year-on-year to $2,801 an ounce in the first half of 2026, as platinum, palladium and rhodium rallied together.
Rhodium prices fell about 10% in ten trading days in late May 2026, dropping to around $9,000 an ounce as the market repriced from deficit to expected surplus.