What country produces 75% of the worlds platinum?
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, and currently extracts a whopping 75 percent of the planet’s platinum.
How much platinum is produced annually?
Mine production of platinum worldwide from 2010 to 2020 (in metric tons)
|Characteristic||Production in metric tons|
How much platinum does South Africa produce each year?
South Africa is the world’s leading platinum producing country. In 2018, mine production of platinum in South Africa reached around 4.3 million ounces.
Platinum production in South Africa from 2010 to 2019 (in 1,000 ounces)
|Characteristic||Production in thousand ounces|
Which country is famous for platinum?
List of countries by platinum production
|Rank||Country/Region||Platinum production (kilograms)|
How much platinum is in a catalytic converter?
There are between 3-7 grams of platinum group metals in a standard catalytic converter, but the amount varies based on manufacturer and model. In terms of the extent to which they are used, there are generally around 3 to 7 grams of PGMs in a standard catalytic converter.
Is there platinum in the ocean?
Sign Up for the Copper Digest
He multiplied the approximate concentration of platinum in seawater, about 2.34E-10 grams per litre, by the amount of water in the ocean —1.3E21 litres— and came to the conclusion that there are approximately 300,000 tonnes of platinum in the seawater.
Why is platinum valuable to South Africa?
The contribution of platinum to GDP
Because South Africa exports the greatest part of its platinum production, and because exports are a final demand and therefore do not form part of the production process, platinum, on its own, is not a significant direct contributor towards the gross national product.
What is the biggest platinum nugget ever found?
Local Prospector Rich McReynolds shared these photos with me of the 2 lb. Platinum Nugget he found recently at his mine in Calaveras County. Rich has been told by numerous sources it is the largest Platinum Nugget ever found.
Where is platinum mostly found in South Africa?
Anglo American Platinum – 2.05 million ounces
Anglo American Platinum’s assets are mostly located in the Bushveld Complex of South Africa (including the world’s largest open-pit PGM mines Mogalakwena, Mototolo and Amandelbult) and Zimbabwe (Unki mine).