Staff Answer
Jun 01, 2026 - 06:26 AM
At 9 AM ET today, June 1, 2026, the platinum spot price stands at $1,960.80 per ounce, jumping a significant 1.35% from Friday’s opening levels. Platinum is seeing a strong surge due to compounding supply anxieties out of South Africa and North America alongside rising demand from heavy-duty green-hydrogen infrastructure. Furthermore, as automakers look for cost-effective alternatives to mitigate high automotive component manufacturing costs, ongoing substitution trends within hybrid catalytic converters continue to strongly favor platinum over its sister metals this quarter.
