1) South Africa – 110mt. South Africa is the world's largest producer of platinum, processing 110mt in 2018. The country's reserves of platinum group metals (PGMs) stands at 63,000mt. Owing to various …
Platinum (Pt) is a rare and valuable metal that is widely used in various industrial applications due to its unique properties. Platinum ore refers to the naturally occurring rocks or minerals that …
An alloy of the platinum group metals (PGMs), which includes platinum, was used to decorate the Casket of Thebes, ... Francois Chabaneau was the first to produce a pure sample of platinum metal in 1783. In 1801, Englishman William Wollaston discovered a method for effectively extracting the metal from ore, which is very similar to …
Platinum is forecasted to trade between $800/oz and $1,100/oz, palladium between $700/oz and $1,200/oz, and rhodium between $3,500/oz and $6,500/oz in 2024. These price projections, influenced by market dynamics and deficits, can impact recycling profitability. Recyclers should stay informed to make strategic decisions aligned with …
The platinum-group elements (PGE) include platinum, palladium, rhodium, ruthenium, iridium, and osmium. These metals have similar physical and chemical properties and occur together in nature. The properties of PGE, such as high melting points, corrosion resistance, and catalytic qualities, make them indispensable to many industrial applications.
In 2022, the total worldwide production of platinum group metals (PGMs) amounted to 437 metric tons. The PGMs, also known as platinoids, include ruthenium, rhodium, palladium, iridium,...
World mine production of platinum and palladium, by country, 2022 (p) United States Geological Survey; Mineral Commodity Summaries 2023; World production of platinum group metals, including recycling, 2013–2022 (p) Johnson Matthey, PGM market report, May 2023; World reserves of platinum group metals, by country, 2022 …
• Total Platinum Group Metals (PGMs) production (expressed as 5E+Au metal-in-concentrate) decreased by 2% to 1,029,600 ounces. • Own-managed mines PGMs production decreased by 3% to 568,200 ounces mainly as a result of the expected lower grades from Mogalakwena and lost production due to poor ground conditions at …
December 13, 2021. Global platinum production is expected to recover by 21.9% in 2021 after a steep decline in 2020, says GlobalData. The leading data and analytics company notes that recovery in the automotive and jewelry sectors has led to a rise in demand for platinum production, which will reach 6.03 million ounces (moz).
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Platinum Group Metals Ltd. (NYSE: PLG) is a mining and technology company focused on the production of platinum, palladium and rhodium and the use of these metals in emerging battery chemistries.
However, 15 months after the production start-up, Platinum Group Metals was unable to produce more than 2,500 toz per month. The shareholders were diluted to keep the company afloat.
The World 's Top Platinum Producers. 1. South Africa. South Africa is the world's number one producer of platinum. In 2022, it produced 140 metric tons, which accounted for 74.3% of the world's platinum. The areas in South Africa mined for platinum are the Merensky Reef, the Platreef, and the Upper Group 2 Reef.
AISC is an extension of currently existing "cash cost" metrics which includes sustainable production costs too. The average AISC was 760 US$ per platinum ounce in 2021. While the price of platinum was …
Reserves of platinum group metals by country. The total worldwide reserves of PGMs were estimated to be some 71,000 metric tons as of 2023. Almost all of this amount, some 88 percent, is located ...
PLATINUM-GROUP METALS (Palladium, platinum, iridium, osmium, rhodium, and ruthenium) [Data in kilograms of contained platinum-group metals (PGMs) unless otherwise noted] Domestic Production and Use: One company in Montana produced approximately 18,000 kilograms of PGMs with an estimated value of about $1.4 billion.
Global platinum mine production 2021, by region. In 2021, Africa was the world's largest platinum-producing region, with a total output of some 156.3 metric tons. South Africa accounted for the ...
We mine the materials that make modern life possible, in ways that are safer, smarter and more responsible. The products we produce reside in three distinct areas: Platinum Group Metals (platinum, palladium, rhodium, iridium, ruthenium, osmium); base metals (copper, nickel, cobalt sulphate, sodium sulphate, chrome) and precious metals (gold).
South Africa is the world's largest producer of platinum, processing 110mt in 2018. The country's reserves of platinum group metals (PGMs) stands at 63,000mt. Owing to various factors such as job losses and mine-shaft closures, the country witnessed a sharp fall in production last year … See more
Some of the largest platinum-producing companies include Anglo American Platinum, Impala Platinum, Lonmin Plc, and Vale S.A. (NYSE: VALE ), among others. …
A partnership between Platinum Group Metals Ltd. and Anglo American Platinum to accelerate the development of next-generation battery technology using platinum and palladium. Investors Platinum Group Metals Ltd. is listed on the NYSE American and Toronto Stock Exchange. For more information view our corporate presentation and …
The major applications of PGMs are as catalysts in automotive industry, petroleum refining, environmental (gas remediation), industrial chemical production (e.g., ammonia production, fine chemicals), electronics, and medical fields. As the next generation energy technologies for hydrogen production, such as electrolysers and fuel cells for stationary …
Vancouver, British Columbia and Johannesburg, South Africa-(Newsfile Corp. - November 24, 2021) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE: PLG) (NYSE American: PLG) (" Platinum Group ", " PTM " or the " Company ") reports the Company's financial results for the year ended August 31, 2021 and provides an update …
Distribution of the global supply of platinum group metals by source 2021. In 2021, the mine production of platinum group metals (PGMs) accounted for around 72 percent of the total global supply ...
The world's top five platinum-mining companies, by annual production. 1. Anglo American Platinum – 2.05 million ounces. Founded in 1995 and based in Johannesburg, South Africa, Anglo …
A major development in the world's platinum industry took place in the early nineteen twenties when large deposits of platinum bearing ore were discovered in the Transvaal in South Africa. This led to the formation in 1931 of Rustenburg Platinum Mines Limited to work these deposits, and this company remains to this day the only platinum producer in …
Bar chart showing the major producers of Platinum-Group Metals in the world.
Global mine production of platinum-group metals 2010-2022. In 2022, the total worldwide production of platinum group metals (PGMs) amounted to 437 metric tons. The PGMs, also known as platinoids ...
According to GlobalData, the US is the world's fifth-largest producer of platinum in 2022, with output down by 16.37% on 2021. Over the five years to 2021, production from the US increased by a CAGR of 0.25% and is expected to rise by a CAGR of 3% between 2022 and 2026. GlobalData uses proprietary data and analytics to …
The six platinum group metals (PGMs) are ruthenium (Ru), rhodium (Rh), palladium (Pd), osmium (Os), iridium (Ir), and platinum (Pt). PGMs are in high demand and have low abundance, making them highly valuable; platinum, for example, is only found at 0.003–5 ppm in the earth's crust and is considered to be the second most expensive …