Which country has the most platinum in the ground?

Almost all of it, some 90 percent, is located in the Earth's crust of South Africa. Far behind it, other major countries are Russia, Zimbabwe, the United States, and Canada. The United States is estimated to have platinum metal reserves of some 900 metric tons.

Where is platinum found most in the world?

80% of the world's current production comes from South Africa and the Sudbury Basin of Canada. Smaller reserves can be found in the United States, Zimbabwe and Australia. Platinum is also attained through recycling.

Where is the largest platinum mine in the world?

MOGALAKWENA - The world's largest open-pit platinum mine is located in Limpopo, South Africa.

What country can platinum be found in?

Platinum is present in thin sulfide layers in certain mafic igneous bodies and is mined in Canada, Russia, South Africa, the USA, Zimbabwe and Australia. Some platinum is obtained as a by-product of copper and nickel processing.

Can you find platinum in space?

Platinum ore only exists on moons and asteroids and is quite difficult to find. The ore vein is light gray, very similar in texture to Silver Ore, with whitish streaks, and barely visible against gray asteroids in space from a distance.

World's Largest Platinum Producing Countries from 1960 to 2018

Why does South Africa have so much platinum?

Beset by power and water shortages, alongside whipsawing government policies, South African producers have cut spending over the past decade on mines responsible for 75% of global platinum supply.

Which country produces most gold?

Gold production ranked by major countries 2021

China is the largest gold producer in the world.

Is there platinum in Africa?

The African continent has dominated the world's platinum production over the years with South Africa leading the way. In 2018, the world's total production of platinum was 160 metric tonnes (mt), with South Africa being the leading producer of the metal, according to a report published by the US Geological Survey.

Which country produces almost 70% of the world's platinum?

South Africa is the largest platinum producing country in the world by a significant margin. With an annual platinum production of around 130 metric tons over the last decade, South Africa accounts for nearly 70% of the world's total platinum output.

Which country has the most precious metals?

Precious metals, such as gold, silver and platinum, are among the most valuable commodities worldwide. The value of the materials is determined by their relative scarcity. In 2020, an estimated 380 metric tons of gold were produced in China, the world's largest producer of the metal.

What country is gold found in?

Most of that gold has come from just three countries: China, Australia, and South Africa. The United States ranked fourth in gold production in 2016. All of the gold discovered thus far would fit in a cube that is 28 meters wide on every side.

Who is the largest miner of platinum?

Largest platinum mining companies

Anglo American Platinum is the world's largest platinum producing company, having produced 4.3 million ounces of platinum group metals in 2021.

Who is largest palladium miner?

Russia's Norilsk Nickel is the top palladium producing company in the world. It is also among the world's largest miners of platinum, nickel and copper.

Is platinum more expensive than gold?

Is platinum more valuable than gold? Platinum is generally valued higher than gold. This is because platinum is rarer than gold, has a higher density and is purer. Platinum rings require more platinum than gold rings require gold, which can increase the overall cost.

Where can I find platinum in everyday items?

Why is platinum so rare?

In general, this rare metal is found in deposits of small grains, dust, or small nuggets that averages from 50 to 75% in purity. Small amounts of platinum are obtained by mining other products. However, this metal is normally found in ores that are mixed with other metals like palladium and gold.

How is platinum found?

Platinum is found uncombined in alluvial deposits. Most commercially produced platinum comes from South Africa, from the mineral cooperite (platinum sulfide). Some platinum is prepared as a by-product of copper and nickel refining.

Where gold is cheapest in the world?