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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 ]
Platinum is traded in the spot market with the code "XPT". When settled in United States dollars, the code is "XPTUSD". As the cost of platinum per ounce fell, the cost per ounce for other metals in the platinum group - especially palladium - rose strongly. As of November 2022, palladium sits at around US$1900 per ounce, compared to US$980 for ...
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.
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 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]
The Marula Mine is a platinum mine located in the Limpopo province of South Africa. It is in the eastern limb of the Bushveld Igneous Complex , approximately 35km north-west of Burgersfort . The operation comprises two decline shaft systems which are used to access the UG2 reef .
Anglo American Platinum Limited (JSE: AMS) is the world's largest primary producer of platinum, accounting for about 38% of the world's annual supply.. Based in South Africa, most of the group's operations lie to the northwest and northeast of Johannesburg.
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