Commodity ratio · live
Platinum to Iron Ore Ratio
The platinum to iron ore ratio is 18.54 — Platinum at $1,883.99 per Troy Ounce divided by Iron Ore at $101.60 per Metric Ton.
Prices as of Aug 24, 2026, 11:20 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Platinum to Iron Ore ratio
1.000 T.oz of platinum = 18.543 T of iron ore
Inverse (IORECR/PL): 0.05393 — one Metric Ton of iron ore buys that much platinum.
Platinum
$1,883.99
per Troy Ounce
Iron Ore
$101.60
per Metric Ton
Unit basis: USD per Troy Ounce ÷ USD per Metric Ton. The ratio reads as Metric Tons of iron ore per Troy Ounce of platinum. Prices as of Mon, 24 Aug 2026 11:20:20 GMT.
Platinum to Iron Ore ratio charts
Pick a range once — it applies to the PL/IORECR ratio line, the OHLC candles and the Platinum / Iron Ore price chart below.
PL/IORECR ratio line
How many T of Iron Ore one T.oz of Platinum buys, over 1Y.
No overlapping history for PL/IORECR over 1Y. Try a longer range.
PL/IORECR ratio candles
Open, high, low and close of the PL/IORECR ratio for each period in the last 1Y.
No overlapping history for PL/IORECR over 1Y. Try a longer range.
Platinum and Iron Ore prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the platinum to iron ore ratio
Platinum to Iron Ore ratio = Platinum price per Troy Ounce ÷ Iron Ore price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of iron ore per Troy Ounce of platinum — rather than a plain count.
Worked example, live prices: $1,883.99 ÷ $101.60 = 18.54. The inverse is 0.05393.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the platinum to iron ore ratio today?
The platinum to iron ore ratio is 18.54 — Platinum at $1,883.99 per Troy Ounce divided by Iron Ore at $101.60 per Metric Ton, from live mid-market prices.
How do you calculate the platinum to iron ore ratio?
Divide the platinum price per Troy Ounce by the iron ore price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of iron ore per Troy Ounce of platinum.
What is the inverse of the platinum to iron ore ratio?
The inverse, iron ore to platinum, is 0.05393 — how many Troy Ounces of platinum one Metric Ton of iron ore buys.