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South Africa accounts for 90 per cent of global platinum mining market, report


Global Platinum Mining to 2022 report has been released providing a comprehensive coverage on global platinum industry. It provides historical and forecast data on platinum production by country, platinum reserves, consumption to 2022.
Global Platinum group metal (PGM) reserves were 2.4 million oz. South Africa accounted for the largest share, with 90.9%, followed by Russia and Zimbabwe. South Africa is also the world's largest producer of platinum, accounting for 73% of global platinum production.

Global platinum mine or metal content in ore production was 6.1 million oz in 2017 - up by a marginal 0.8% over 2016. Production increased slightly due to a rise in production from the world's largest producer, South Africa.
A strong performance from Anglo's large Mogalakwena open pit mine, where platinum output rose and from Sibanye-Stillwater's Rustenburg platinum mines and Impala Platinum's Rustenburg contributed to the increase in South Africa's production.

Projects due to begin operations in the next few years include the Platreef project (2018), the Styldrift 1 project (2019) and the Garatau project (2022) in South Africa, as well as the Dumont Project (2021) and Eagle's Nest Project (2021) in Canada.

Global platinum consumption is expected to post a moderate CAGR till 2022. Demand from China and India are the major drivers during the forecast period, with India having the fastest growth rate, during 2018-2022.

The report also includes a demand drivers section providing information on factors that are affecting the global platinum industry. It further provides mines and projects count by company by status, and by region, profiles of major platinum producers, information on the major active, planned and exploration projects by region.
www.researchandmarkets.com

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