DailyPlatinum's editorial team sources every price from a named benchmark, exchange or dealer quote and verifies every fact against a dated primary source before it publishes prices and data for platinum, palladium and the other platinum group metals (Pt, Pd, Rh, Ir, Ru, Os; platinum is element 78). This page sets out where those prices come from, how a claim is classified, and who corrects it once it is wrong.
What Is DailyPlatinum's Sourcing and Verification Process?#
DailyPlatinum's sourcing process starts with the price series itself, not with a single dealer's number. Four kinds of source feed every price page: a regulated benchmark auction, an exchange futures settlement, a producer's own base price, and a dealer's spot quote, each named on the page that uses it.
Price Sources: Benchmarks, Exchanges and Dealer Quotes#
DailyPlatinum draws on four kinds of price source: the LBMA Platinum and Palladium Price auction, NYMEX platinum and palladium futures, producer base prices from Johnson Matthey, Umicore and Heraeus, and dealer over-the-counter spot quotes, each named on the page that uses it. ICE Benchmark Administration (IBA) has administered the LBMA Platinum and Palladium Price since 1 July 2026, after the London Metal Exchange ran the auction from December 2014. Johnson Matthey publishes its base prices for platinum, palladium, rhodium, iridium and ruthenium four times a trading day across Hong Kong, London and New York settings.
| Source | What it is | Who publishes it | Where DailyPlatinum uses it |
|---|---|---|---|
| LBMA Platinum and Palladium Price | Regulated benchmark auction for unallocated metal in London | ICE Benchmark Administration (IBA), since 1 July 2026 | Live spot price pages |
| NYMEX platinum and palladium futures | Exchange-traded futures, 50 troy oz (platinum) and 100 troy oz (palladium) contracts | CME Group | Futures and price-driver pages |
| Producer base prices | Wholesale sponge quotes reset up to 4 times a day | Johnson Matthey, Umicore, Heraeus | Minor metal (rhodium, iridium, ruthenium) price pages |
| Dealer OTC spot quotes | Continuous bid/ask quote from a named data vendor | The vendor named on each live widget | Live price widgets |
NYMEX platinum and palladium futures are quoted in US dollars per troy ounce, according to CFTC Commitments of Traders data. Rhodium, iridium, ruthenium and osmium have no exchange or benchmark auction of their own, so DailyPlatinum prices them from the quotes in the table above, each named by source and date on the page that carries it.
How the Live Price Widget Is Sourced#
DailyPlatinum's live price widget names its data vendor and the exact time of its last update in the same line as the price, and marks a quote delayed after 15 minutes without a new tick. The live platinum price page shows that vendor as Metals-API rather than mirroring a single dealer's site, because a license from IBA "is required in order to obtain, use or redistribute real-time or historical LBMA Platinum and Palladium Price data" from 1 July 2026, "including for pricing and valuation activities," in IBA's own wording. The same licensing logic applies to NYMEX data; DailyPlatinum has not independently confirmed CME Group's current redistribution terms, and states that as its own limitation, not a verified CME policy.
Where These Prices Appear on DailyPlatinum#
Three sections of DailyPlatinum consume the same verified price feed for three different purposes: scrap, investment and market reporting, each stating the feed's timestamp and source alongside its own figure.
- Scrap: scrap payouts convert the feed into an estimate for catalytic converters and jewelry.
- Investment: investment premiums price bars, coins and ETF premiums over spot.
- Market: market pages compare the feed against supply and demand.
How DailyPlatinum Classifies and Verifies Facts#
DailyPlatinum's editorial team classifies every claim into one of four fact classes before it is published, so a reader can tell a fixed constant from a forecast at a glance. That classification decides how a claim is written, not only what it says.
Four Fact Classes: Structural, Historical, Market and Forecast#
A claim on DailyPlatinum is one of four classes: a structural or definitional constant, a fixed historical fact, current market data, or a forecast, each carrying its own publishing rule. A structural fact, such as a troy ounce equaling 31.1034768 grams, is stated flatly with no date. A historical fact, such as the London Metal Exchange administering the LBMA Platinum and Palladium Price from December 2014 to 30 June 2026, is stated flatly with its date range. Market data, such as a spot price or a supply-demand balance, always carries its as-of date in the same sentence. A forecast, such as a projected market surplus or deficit, is never stated as settled fact; the forecasting body is always named alongside it.
| Fact class | Example | Publishing rule |
|---|---|---|
| Structural | 1 troy ounce = 31.1034768 grams | State flatly, no date needed |
| Historical | LME administered the LBMA Platinum and Palladium Price, December 2014 to 30 June 2026 | State flatly, with the date or date range |
| Market | Today's spot price, a bid-ask spread, a supply-demand balance | Always carry the as-of date in the same sentence |
| Forecast | A projected market surplus or deficit for a future year | Never stated as fact; always name the forecaster |
Single-Source Attribution and Never Mixing Bases#
Every market figure on DailyPlatinum names its source in the sentence that states it, and figures from two different reporting bases are never combined into one calculation. Johnson Matthey reported 2025 platinum demand at 8,019 thousand troy ounces (koz) on its own basis, while the World Platinum Investment Council's market balance reports 8,431 koz for the same year on a Metals Focus basis; DailyPlatinum states each with its source and never divides one house's numerator by another's denominator. A single-source claim carries its publisher's name in the same sentence rather than being presented as independently verified.
Corrections: How a Published Number Changes#
A published number changes on DailyPlatinum through four steps, applied to any fact class above, from a mistyped constant to a stale market figure.
- Flag: a reader or an editor identifies a figure that looks wrong or outdated.
- Check: the editorial team checks it against the original primary source, not against another aggregator.
- Correct: the page is corrected and its dateModified is updated.
- Log: a material correction is recorded on the page's editorial history.
Editorial Independence#
Every article on DailyPlatinum carries the byline "DailyPlatinum Editorial Team," linked to this page, and no article is attributed to an invented expert or persona. That byline is the guarantee behind every fact class described above.
Who Writes DailyPlatinum#
DailyPlatinum's content is written and checked by its editorial team, working from the sources and fact classes set out above, not by a named individual analyst. The team applies the same sourcing and classification rules to every page, whether it prices platinum today or catalogs a rhodium compound.
Advertising and Leads Never Change a Price, Rank or Fact#
Advertising, dealer referral fees and lead-generation partnerships never change a displayed price, a page's ranking of dealers, or a stated fact; editorial and commercial decisions are made separately. The three things advertising and referral revenue cannot touch are listed below.
- A live price or a historical figure shown on any page.
- The order in which dealers, refiners or products are compared.
- A fact's classification or its stated source.
More on DailyPlatinum's Sources and Policies#
DailyPlatinum's sourcing and verification rules are set out in full on three linked pages, each covering one part of the process summarized above in more depth.
Price Data Sources in Detail#
Price data on DailyPlatinum spans four source types and dozens of individual feeds, more than this overview can catalog. Price data sources lists every benchmark, exchange and dealer quote DailyPlatinum uses, with its license status.
Editorial Policy and Corrections#
DailyPlatinum keeps its commercial and editorial functions apart, and states that separation in a dedicated policy. Editorial policy sets out DailyPlatinum's independence from advertisers and its process for handling corrections.
About DailyPlatinum#
DailyPlatinum operates as a specialist source for platinum group metal prices, distinct from a general precious-metals outlet. About DailyPlatinum describes the site as an independent, dealer-neutral source for platinum group metal prices and market data.
Methodology FAQ#
How often are prices on DailyPlatinum updated?#
DailyPlatinum's price widgets update on a rolling basis through the trading day. Its daily PGM price and market report summarizes the prior day's close each business day, and a reader who wants a price-cross alert instead of a daily summary can set one through platinum price alerts.
How do I request a correction?#
A reader requests a correction in three steps; the editorial team then checks it against the original source before changing the page.
- Use the contact link in editorial policy.
- Describe the specific page and the figure in question.
- Cite a source for the corrected value.
Does advertising change a price, ranking or fact on DailyPlatinum?#
No. DailyPlatinum's advertising and dealer-referral revenue is kept separate from its editorial and price-sourcing decisions, as set out in editorial policy.
Why does DailyPlatinum's platinum price differ from other sites?#
DailyPlatinum's platinum price can differ from another site's because each site may quote a different series at a different moment: the LBMA Platinum Price, a NYMEX futures print and a Johnson Matthey base price are three distinct, separately timed numbers for the same metal, even on the same trading day.