Platinum Group shares rise 10.64% intraday as platinum price jumps $26.38 to $2,510.33/oz; company holds 50.16% in South Africa's Waterberg project.

Platinum Group surged 10.64% intraday, driven by a spike in platinum prices to $2,510.33 per ounce on January 22, 2026, up $26.38 from the prior day and 164.20% year-over-year. The company specializes in platinum and palladium exploration and development, holding a 50.16% stake in South Africa’s Waterberg project.