Platinum Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030

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GlobalData’s “Global Platinum Mining to 2030” provides a comprehensive coverage on the global platinum industry. It provides historical and forecast data on platinum production by country, production by company, reserves by country, world platinum prices and platinum consumption. The report also includes a demand drivers section providing information on factors that are affecting the global platinum industry. It further profiles major platinum producers, information on the major active, planned and exploration projects by region.

Global platinum production is expected to decline by 1.5% to 6,092.9 thousand ounces (koz) in 2024, owing primarily to declines in output from Russia and South Africa, while there will be higher output from the US. However, global production is expected to recover in 2025, with a forecast growth rate of 3.6% to reach 6.3moz, linked to ongoing expansion at the Two Rivers mine in South Africa as well as the commencement of the Mareesburg project in 2025. South Africa, Russia, Zimbabwe, Canada and the US are the world’s top five producers of platinum, accounting for 96% or 5.9 million ounces (moz) of the global share in 2023.

Looking ahead, global platinum production is expected to increase at a 1.3% annual compound growth rate (CAGR) to 6.6moz by 2030. South Africa will remain the world’s largest supplier of platinum, with production expected to reach 4.5moz by 2030. In addition, production in Canada, Zimbabwe, Russia, and the US will contribute to growth.

Scope

The report contains an overview of the global platinum mining industry including key demand driving factors affecting the global platinum mining industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, major exploration and development projects.

Reasons to Buy

• To gain an understanding of the global platinum mining industry, relevant driving factors

• To understand historical and forecast trend on global platinum production

• To identify key players in the global platinum mining industry

• To identify major active, exploration and development projects by region

Table of Contents

Overview

Reserves

Platinum Production

Platinum Prices

Active Platinum Mines

Major Development Projects

Major Exploration Projects

Demand

Competitive Landscape

Appendix

Table

Table 1: PGM reserve by country (thousand tonnes), January 2022

Table 2: Top active mines in South Africa by total reserves

Table 3: Top active mines in Russia by total reserves

Table 4: Top active mines in Zimbabwe by total reserves

Table 5: Historical and forecast platinum production by country (thousand ounces), 2006–26

Table 6: Platinum production in South Africa (thousand ounces), 2006–26

Table 7: Platinum mine production by company (thousand ounces) and production guidance, 2020–22

Table 8: Platinum prices quarterly ($/ounce), 2015–22

Table 9: Active mines, 2022

Table 10: Major development projects, 2022

Table 11: Exploration projects, 2022

Table 12: Historical and forecast platinum consumption by major country (thousand ounces), 2006–26

Table 13: Historical and forecast platinum consumption for Jewelry by major country (thousand ounces), 2011–26

Table 14: Historical and forecast platinum consumption for Jewelry by major country (thousand ounces), 2011–26

Table 15: Anglo American Platinum Ltd, major operating mines, 2022

Table 16: Sibanye Stillwater Ltd., major operating mines, 2022

Table 17: Impala Platinum Holdings Ltd, operating mines, 2022

Table 18: MMC Norilsk Nickel, major operating mines, 2022

Figures

Figure 1: Share of PGM reserves by country (%), January 2022

Figure 2: Historic and forecast platinum production by country (thousand ounces), 2006–26

Figure 3: Platinum production in South Africa (thousand ounces), 2006–26

Figure 4: Platinum production by major company (thousand ounces), 2020–21

Figure 5: Platinum prices quarterly ($/ounce), 2015–22

Figure 6: Share of global platinum consumption by country and by end use (%), 2022

Figure 7: Historical and forecast platinum consumption by major country (thousand ounces), 2006–26

Figure 8: Platinum consumption for automobiles by major country (thousand ounces), 2011–26

Figure 9: Platinum consumption for Jewelry by country (thousand ounces), 2011–26

Figure 10: Major importers and exporters of platinum, 2021

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