Pt

Platinum

Companies

Key Companies in the Platinum Value Chain

The Platinum industry encompasses at least 5 major companies from junior explorers and mine developers to integrated producers and downstream processors. With annual production of 190 tonnes and prices around 2,069-2,079 $/oz (66,500-66,800 $/kg), the Platinum market supports a diverse corporate ecosystem.

Annual Production

190

tonnes

Market Price

2,069-2,079

$/oz (66,500-66,800 $/kg)

Top Producer

South Africa

72% share

Companies Tracked

5

Major Producers and Processors

The following companies are key participants in the Platinum supply chain:

Anglo American Platinum

Producer AMS.JO
South Africa

Worlds largest platinum producer; operates Mogalakwena (worlds largest open-pit PGM mine) and underground mines in the Bushveld Complex

Impala Platinum

Producer IMP.JO
South Africa

Second-largest global platinum producer from Bushveld Complex operations and Zimplats in Zimbabwe

Sibanye-Stillwater

Producer SSW.JO
South Africa

Third-largest PGM producer; significant platinum output from Marikana and Rustenburg operations

World Platinum Investment Council (WPIC)

Industry body
UK

Promotes platinum investment; publishes quarterly supply/demand reports and market analysis

Toyota Motor

Major consumer TM
Japan

Largest automaker investing in hydrogen fuel cell technology; uses platinum catalysts in Mirai FCEV and promotes platinum demand for the hydrogen economy

Active Operations and Development Projects

These are the key Platinum operations and development-stage projects associated with the companies above:

Mogalakwena Mine

Anglo American Platinum

Production
Country: South Africa Capacity: ~500,000 oz PGM/year

Worlds largest open-pit PGM mine; Platreef deposit with favorable Pt:Pd ratio; lower cost than underground Bushveld operations

Platreef Project

Ivanhoe Mines/Japanese consortium

Construction (Phase 1)
Country: South Africa Capacity: ~500,000 oz PGM/year at full build-out

Major mechanized underground mine in the northern limb of the Bushveld Complex; aims to be one of the lowest-cost PGM operations globally

Waterberg Project

Platinum Group Metals (PTM)

DFS/Financing
Country: South Africa Capacity: ~400,000 oz PGM/year

Large shallow deposit amenable to mechanized mining; Implats acquired ~50% stake

Corporate Strategy Trends

Major consumers of Platinum across the diesel catalytic converters and hydrogen fuel cell catalysts sectors are increasingly focused on securing long-term supply agreements, investing in supply chain traceability, and supporting new production sources to reduce exposure to the 72% concentration in South Africa.

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