Who is the largest producer of platinum?

Largest platinum producing countries

South Africa is the largest producer of platinum in the world by a significant margin, with a production of between 148 and 112 metric tons each year from 2010 to 2021.

Which country owns the most platinum?

1. South Africa (110,000 kg, 68.32% of world's platinum) South Africa is the world's largest platinum producer, producing more than twice as much as every other country on Earth combined. South Africa has three major platinum bearing areas, the Merensky Reef, the Upper Group 2 (UG2) Reef and the Platreef.

What is the biggest platinum mine in the world?

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

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.

Which country is rich in silver?

1. Mexico. The number-one silver-producing country in the world is Mexico. The country produced 5,600 metric tons in 2021.

World's Largest Platinum Producing Countries from 1960 to 2018

Who is the biggest producer of rhodium?

Rhodium is a platinum-group metal. In 2022, the supply of rhodium in South Africa was forecast to stand at around 575,000 ounces, making South Africa the world's largest rhodium producer.

Who owns the most palladium?

1. South Africa. South Africa is the world's top platinum-mining country and a major producer of palladium. It holds the largest-known reserves of PGMs globally at 63 million kilograms.

Is there more platinum than gold?

HARDER, BETTER, RARER, STRONGER

For starters, gold is far more abundant in the earth's crust, making platinum rarer. Whilst 1,500 tons of gold are mined annually, only 160 tons of platinum are extracted. Platinum is also denser than gold, thus heavier.

Which country is the largest producer of palladium?

In 2021, approximately 200 metric tons of palladium was produced worldwide. Russia had been the leading global producer of palladium in recent years, but ranked second in 2021 next to South Africa. In 2021, South African palladium production was 80 metric tons, while Russian production amounted to 74 metric tons.

Who exports the most platinum?

Historical Data

Platinum are the world's 43rd most traded product. In 2020, the top exporters of Platinum were South Africa ($11.9B), Russia ($10.5B), United Kingdom ($9.27B), United States ($8.14B), and Germany ($5.68B).

Why is platinum cheaper than gold?

Platinum mines around the world are lesser compared to gold mines. Only 160 tons of platinum can be sourced annually, whereas on the same scale, approximately, 1500 tons of gold are mined. Looking at how platinum is rarer than gold, the cost of this metal is compelled to be higher compared to gold.

Which country produces most gold?

Gold production ranked by major countries 2021

China is the largest gold producer in the world.

What's the most expensive metal in the world?

Rhodium. Rhodium holds the title of being the most expensive precious metal on the planet. This exceedingly uncommon precious metal is defined as a silver-white, robust, corrosion-resistant inert transition metal. After a price increase of more than 30% this year, rhodium is quietly one of the hottest trades right now.

Who is mining 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.

What country has the most diamonds?

Diamond industry worldwide

Russia and the Botswana hold the world's largest diamond reserves, totaling 1.1 billion carats and 300 million carats, respectively, as of 2021. Based on production volume, Russia and the Democratic Republic of Congo are.

Why is platinum so scarce?

The supply for Platinum products is tight, due to the metal being extremely rare. Platinum is mined in very few mining deposits throughout the world and many of the uses of Platinum go to the automotive industry for vehicle emissions devices.

Is platinum rare on Earth?

Platinum is an extremely rare metal, occurring at a concentration of only 0.005 ppm in Earth's crust.

What is a better investment gold or platinum?

Some investors may want to prioritize stability and long-term investing. In that case, gold is likely the better option. The precious metal has a longstanding history of reliable demand which often spikes during economic downturns. On the other hand, platinum usually performs better during times of economic growth.

Does Russia have platinum?

Russia platinum reserves

In Russia, platinum mines are mostly located in Krasnoyarsk Krai and Murmansk Oblast. Some of the top active mines in Russia are: Oktyabrsky Mine. Komsomolsky Mine.

Is platinum rarer than palladium?

Palladium is the most expensive of the four major precious metals – gold, silver and platinum being the others. It is rarer than platinum, and is used in larger quantities for catalytic converters.

Does Russia have palladium?

Russia accounts for around 25-30% of the world's supply of palladium and around 8-10% of its platinum.

Which country is rich in rhodium?

The main exporter of rhodium is South Africa (approximately 80% in 2010) followed by Russia. The annual world production is 30 tonnes.

Which country is the largest producer of chromium?

South Africa was the leading producer of chromium worldwide in 2021, with production amounting to 18 million metric tons. The total global mine production volume of chromium that year was 41 million metric tons.