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Platinum hits record high on tight supply, EU combustion-engine ban reversal

Published by Global Banking & Finance Review

Posted on December 26, 2025

1 min read

· Last updated: January 20, 2026

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Platinum hits record high on tight supply, EU combustion-engine ban reversal
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Platinum Reaches New Heights Amid EU Policy Reversal

Dec 26 (Reuters) - Platinum jumped to an all-time high on Friday, on track for its biggest annual rise ever, as supply constraints, an unexpected EU policy U-turn on the 2035 combustion-engine ban, and shifting investor flows out of gold fuelled the rally.

Platinum prices rose 8% to an all-time high at $2,413.62 per ounce by 0304 GMT.

(Reporting by Sherin Elizabeth Varghese in Bengaluru)

Key Takeaways

  • Platinum prices hit a record high of $2,413.62 per ounce.
  • Supply constraints and EU policy changes drive the surge.
  • Investors are shifting focus from gold to platinum.
  • The EU reversed its 2035 combustion-engine ban.
  • Platinum is on track for its largest annual increase.

Frequently Asked Questions

What is platinum?
Platinum is a dense, malleable metal that is highly valued for its rarity and use in various industrial applications, including catalytic converters and jewelry.
What is a combustion-engine ban?
A combustion-engine ban refers to regulations that prohibit the sale or use of vehicles powered by internal combustion engines, typically aimed at reducing emissions and promoting electric vehicles.
What are supply constraints?
Supply constraints occur when the availability of a product is limited due to factors such as production issues, resource scarcity, or regulatory changes, impacting market prices.
What is investor flow?
Investor flow refers to the movement of funds into or out of investment vehicles, indicating investor sentiment and market trends.
What is the significance of record high prices?
Record high prices indicate a peak in market value for an asset, often driven by increased demand, limited supply, or significant market events.

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