Platinum - Statistics & Facts

Published by M. Garside, Aug 28, 2017
Platinum is a gray-white colored precious metal with important applications in the global production of autocatalysts, jewelry, chemicals, and more. It is highly resistant to corrosion, among other desirable traits, and thus has a value quite similar to gold. For instance, platinum's average value in 2016 was 977 U.S. dollars per troy ounce, while the average price of gold in that year was some 1,251 U.S. dollars per troy ounce. This price similarity is observable over several years.

The largest platinum producing country by far is South Africa, having produced an estimated 120 metric tons of platinum in 2016. Russia is the second-largest platinum producing country in the world, with a significantly lower production of an estimated 23 metric tons in that year. In the United States, which is the world's fifth-largest platinum producer, Stillwater Mining Co. is the only company that produces platinum. Stillwater Mining Co. produced some 118,000 ounces of platinum in 2015. Anglo American Platinum is the world's largest platinum producing company, with a production of some 2.38 million ounces of platinum in 2016.

Global platinum demand is dominated by China, having demanded 2.14 million ounces in 2015 out of a total global demand of 7.57 million ounces. Following China in platinum demand is all of Europe, demanding 1.93 million ounces that year. By 2021, it is forecast that the platinum demand worldwide will amount to some 8.65 million ounces.

Interesting statistics

In the following 6 chapters, you will quickly find the 40 most important statistics relating to "Platinum".

Platinum

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Important key figures

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Demand and consumption

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Reserves and price

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