Worldwide supply of platinum 2005-2024

Published by
Madhumitha Jaganmohan,
May 22, 2024

In 2023, the global supply of platinum stood at nearly 5.8 million ounces, an increase compared to the previous year and in 2024 it is forecast to reach 5.7 million ounces. Platinum is one of the least reactive metals in the world and is highly resistant to corrosion. It is often used as a catalyst or as a precious metal.

Total global platinum supply from 2005 to 2024 (in 1,000 ounces)

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Release date

May 2024

Region

Worldwide

Survey time period

2005 to 2024

Supplementary notes

*Forecast.

Figures prior to 2016 were taken from several editions of the GFMS Platinum and Palladium Survey, the last edition of which is available here.

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