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First discovered in significant quantities in the 18th century, platinum has become one of the world's most important industrial metals, with production primarily concentrated in South Africa and Russia. The metal serves critical roles across multiple industries, most notably in automotive manufacturing where it is the primary component of catalytic converters that reduce harmful emissions from vehicle engines. Beyond industrial applications, platinum is extensively used in jewelry production due to its rarity, durability, and lustrous appearance, commanding premium prices in the luxury market. The metal also finds applications in electronics, dentistry, pharmaceutical manufacturing, and chemical processing, where its unique properties enable specialized functions that other materials cannot replicate. Platinum trading is typically measured in troy ounces, a standardized unit for precious metals, and the commodity's value is influenced by global supply constraints, automotive industry health, industrial demand cycles, and broader economic conditions affecting investment flows into precious metals.50:T150d,

platinum commodity market September 2026 platinum price news september 2026 platinum price September 2026

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