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Global platinum mining industry - statistics & facts

Platinum is a gray-white colored precious metal. It has many important applications, most notably for autocatalysts, jewelry, and chemicals, in addition to several other industries that use platinum to a lesser degree. Autocatalysts accounted for nearly 40 percent of global platinum demand as of 2021. Platinum is highly resistant to corrosion, among other desirable traits, and thus its value is somewhat comparable to gold. For instance, platinum's average price as of August 2021 was 1,142 U.S. dollars per troy ounce, while the average price of gold in that month was 1,784 U.S. dollars per troy ounce. Global production of platinum amounted to nearly 161 metric tons in 2020, with African production accounting for 127 metric tons of that amount.

The leading platinum producers in the world

The largest platinum producing country by far is South Africa, having produced an estimated 120 metric tons of platinum in 2020. Russia is the second-largest platinum producing country in the world, with a significantly lower production of an estimated 21 metric tons in that year. Anglo American Platinum is the world's largest platinum producing company, with a production of some 3.81 million ounces of platinum in 2020.

Platinum group metals

Platinum group metals (PGMs), also called platinoids, refers to six precious metals that share similar physical and chemical properties and which tend to be found in the same mineral deposits. The PGMs are palladium, ruthenium, rhodium, osmium, iridium, and of course platinum itself. The majority of the world's PGM supply comes from mine production, but autocatalyst scrap is another significant source. Palladium is the most prominent PGM after platinum, with global palladium production amounting to 210 metric tons in 2020. Russia is the world's largest palladium producer, while South Africa is the second-largest producer of palladium.

Interesting statistics

In the following 8 chapters, you will quickly find the 39 most important statistics relating to "Platinum mining industry worldwide".

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