Platinum Prices Soar to Record High Amid Supply Constraints and EU Policy Reversal
On December 26, 2025, platinum prices surged to an all-time high, driven by tight supply and an unexpected reversal of the EU's 2035 combustion-engine ban. Spot platinum jumped 8% to $2,413.62 per ounce, while platinum futures hit the daily limit-up with a 9.99% gain. This marks the largest annual rise for platinum, reflecting strong market demand and geopolitical influences.