Published by Global Banking & Finance Review®
Posted on December 26, 2025
1 min readLast updated: January 20, 2026
Add as preferred source on GooglePlatinum prices soared to a record high due to supply issues and an EU policy reversal on combustion-engine bans, attracting investors away from gold.
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)
Platinum is a dense, malleable metal that is highly valued for its rarity and use in various industrial applications, including catalytic converters and jewelry.
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.
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.
Investor flow refers to the movement of funds into or out of investment vehicles, indicating investor sentiment and market trends.
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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