# Platinum: Production

Why one country mines seven-tenths of the world's platinum

Source page: https://www.materialinsights.org/commodities/platinum/production/

Why one country mines seven-tenths of the world's platinum What this tab covers Who produces it and how much: world output over recent years, the top producing countries with their shares, USGS world figures for 2024 and 2025, and the largest producing companies globally and in India.

Platinum is highly concentrated. The 2024 HHI is 5,193, double the 2,500 threshold. South Africa mined 70.2% of world output in 2024, Russia 11.6% and Zimbabwe 10.6%, with Canada, the US and China sharing the rest. World output in World Mining Data ranged between 162 and 189 tons from 2020 to 2024 with no clear trend. USGS gives 179,000 kg for 2024 and 170,000 kg for 2025, as South African PGM output fell about 9% on low palladium prices, deep-mining costs and power disruptions. Mining and refining sit with a few integrated firms such as Anglo American, Impala and Norilsk (Tilton & Guzmán, pdf p. 183).

#### Platinum · WMD
 2020 162k 2021 189k 2022 172k 2023 177k 2024 179k World production, kg (World Mining Data 2026).

#### Top producers 2024
 South Africa 70.2% Russia 11.6% Zimbabwe 10.6% Canada 3.3% United States 1.7% China 1.5% Finland 0.5% Colombia 0.5% Concentration: HHI 5,193, highly concentrated.

#### USGS estimate
 World, 2024 179,000 kilograms, Pt content (mine) World, 2025e 170,000 kilograms, Pt content (mine)

#### Largest producers by company, global

- **Valterra Platinum (formerly Anglo American Platinum)**: 3.201 Moz PGM (metal in concentrate); own-mined platinum 0.932 Moz, refined platinum 1.556 Moz (2025)
- **Impala Platinum (Implats, incl. Zimplats)**: 3.553 Moz 6E PGM (group, incl. Zimplats); refined 3.37 Moz (FY2025 (to Jun 2025))
- **Sibanye-Stillwater**: 1.798 Moz 4E PGM (South Africa, incl. Mimosa and purchased concentrate); plus 0.284 Moz 2E in the US (2025)
- **Nornickel**: 11.3% of world platinum output (2013)

#### Largest producers by company, India

India has no platinum mine. It imports refined metal and alloys: 185 t worth $1.69 billion in 2024 (UN Comtrade), more than world mine output of 179 t. Imports larger than world mine output suggest much of this was alloy (including gold-bearing alloy) or metal in transit rather than platinum for domestic use. Users include petroleum refiners (reforming catalysts), catalyst makers for vehicles and a small jewellery trade. PGMs are on India's 2023 critical minerals list.

## Other sections

- [Summary](https://www.materialinsights.org/commodities/platinum/index.md)
- [Overview](https://www.materialinsights.org/commodities/platinum/overview/index.md)
- [Correlation](https://www.materialinsights.org/commodities/platinum/correlation/index.md)
- [Extraction](https://www.materialinsights.org/commodities/platinum/extraction/index.md)
- [Stocks](https://www.materialinsights.org/commodities/platinum/stocks/index.md)
- [Cycles](https://www.materialinsights.org/commodities/platinum/cycles/index.md)
- [Trading](https://www.materialinsights.org/commodities/platinum/trading/index.md)
- [Movement](https://www.materialinsights.org/commodities/platinum/movement/index.md)
- [Criticality](https://www.materialinsights.org/commodities/platinum/criticality/index.md)
- [Characteristics](https://www.materialinsights.org/commodities/platinum/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/commodities/platinum/emissions/index.md)
- [Relationships](https://www.materialinsights.org/commodities/platinum/links/index.md)