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Platinum and platinum group metals are produced in Zimbabwe and South Africa. Of the multitudes of companies involved in producing platinum group metals in these two countries, these are the principal operators: [ citation needed ]
In 2010, South Africa was the top producer of platinum, with an almost 77% share, followed by Russia at 13%; world production in 2010 was 192,000 kg (423,000 lb). [35] Large platinum deposits are present in the state of Tamil Nadu, India. [36] Platinum exists in higher abundances on the Moon and in meteorites.
South Africa is home to 80% of the world's known platinum reserves, and produces about 70% of the world's supply. [1] [2] Platinum prices have been flat since 2009 or so, due to weak demand for catalytic converters, the primary use of platinum in industry. [3] [4] Meanwhile, other costs have risen, putting pressure on the mining industry. [4]
South Africa produces more platinum and similar metals than any other nation. [22] In 2005, 78% of the world's platinum was produced in South Africa, along with 39% of the world's palladium. Over 163,000 kilograms (5,200,000 ozt) of platinum was produced in 2010, generating export revenues of US$3.82 billion. [24]
American Platinum Eagle, the official platinum bullion coin of the United States. Investment in platinum is often compared in financial history to gold and silver, which were both known to be used as money in ancient civilizations. Experts posit that platinum is about 15–20 times scarcer than gold and approximately 60–100 times scarcer than ...
The second-largest mineral industry in the world is the mineral industry of Africa, which implies large quantities of resources due to Africa being the second largest continent, with 30.37 million square kilometres of land.With a population of 1.4 billion living there, mineral exploration and production constitute significant parts of their economies for many African countries and remain keys ...
If you’re thinking of shelling out any of your hard-earned dollars for some of these expensive items, realize that their prices can fluctuate. Platinum, Gold and More of the Most Valuable ...
South Africa, with vast platinum ore deposits in the Merensky Reef of the Bushveld complex, is the world's largest producer of platinum, followed by Russia. [19] [20] Platinum and palladium are also mined commercially from the Stillwater igneous complex in Montana, USA. Leaders of primary platinum production are South Africa and Russia ...