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Platinum-group metal reserves worldwide by country 2019

This statistic shows the global platinum metal reserves as estimated as of 2019, by country. The United States had estimated reserves of around 900 metric tons of platinum metal in 2019. Platinum is a so called transition metal and one of the rarest elements on Earth.

Estimated reserves of platinum metals

Total worldwide reserves of platinum metals are estimated to be some 69,000 metric tons. Almost all of it, some 95 percent, is located in the Earth’s crust of South Africa. Far behind it, other major countries are Russia, the United States, and Canada. The United States is estimated to have platinum metal reserves of some 900 metric tons.

Platinum in most cases is a by-product of copper and nickel mines and refineries. On the other hand, the largest pure platinum mines are in South Africa, which is also the world’s leading producer of the element. Around 130 metric tons were produced there in 2019. Russia, as the second largest platinum miner, produced some 22 metric tons. The United States reported a platinum mine production of 3.6 metric tons. The largest platinum miner worldwide is South African mining company Anglo American Platinum Ltd., headquartered in Johannesburg. Other leading platinum companies are Impala Platinum (South Africa), Sibanye Gold Ltd. (South Africa), and Lonmin (United Kingdom).

Since 1901, the price of platinum has been mostly higher than the price of gold. Platinum is mainly used for vehicle emission control devices and jewelry, but is also in high demand for laboratory devices and as an investment. Through its rarity, platinum became a symbol of prestige, manifesting itself, for example, in platinum awards and platinum credit cards. The crown for the coronation of King George VI of England in 1937 was the first one to be made of platinum.

Platinum metal reserves worldwide as of 2019, by country (in metric tons)*

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Source

Release date

February 2020

Region

Worldwide

Survey time period

2019

Supplementary notes

* All platinum-group metals included. Elements in groups 8 to 10 of the 5th period (the "light platinum metals": Ruthenium, Rhodium, Palladium) and the 6th period (the "heavy platinum metals": Osmium, Iridium, Platinum) of the periodic table are classed as platinum metals or platinoides.
All figures are estimates.

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Statistics on "Platinum"

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