Platinum
Projects
Major Platinum Projects Worldwide
The development pipeline for Platinum projects spans exploration through production across multiple jurisdictions. We track 3 key projects that will shape the future supply landscape for this platinum group metal.
Current Production
190
tonnes
Top Producer
South Africa
72% share
Projects Tracked
3
Reserves
~70,000 tonnes (PGM resources)
Platinum Project Pipeline
The following projects represent the most significant Platinum operations and development-stage assets worldwide:
Mogalakwena Mine
Anglo American Platinum
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
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)
Large shallow deposit amenable to mechanized mining; Implats acquired ~50% stake
Government Support and Strategic Initiatives
Recognizing the strategic importance of Platinum, governments in major consuming nations have launched programs to support project development. These include direct financing, loan guarantees, streamlined permitting, and bilateral resource partnerships. As a USGS-listed critical mineral, Platinum projects are eligible for various U.S. government support mechanisms including the Defense Production Act Title III program. EU Critical Raw Materials Act provisions enable fast-track permitting and financing support for Platinum projects within the EU and partner nations.
Key Industry Developments
Recent developments affecting the Platinum project landscape:
Eskom electricity crisis and mining strikes in South Africa caused platinum to spike above $2,200/oz
Five-month AMCU platinum mine strike in South Africa (longest in South African mining history) disrupted production at Anglo, Impala, and Lonmin operations
Volkswagen diesel emissions scandal (Dieselgate) permanently damaged diesel vehicle demand, reducing a major platinum consumption sector
Anglo American Platinum smelter explosion at Polokwane further tightened platinum supply
Hydrogen economy narrative provided demand hope but fuel cell vehicle adoption remained far below EV uptake; platinum prices underwhelmed at $900-1,050/oz despite supply deficits
More on Platinum
Explore other aspects of the Platinum value chain.
Uses & Applications
Explore uses & applications for Platinum.
Supply Chain
Explore supply chain for Platinum.
Mining & Processing
Explore mining & processing for Platinum.
Refining & Grade Specs
Explore refining & grade specs for Platinum.
Recycling
Explore recycling for Platinum.
Substitutes
Explore substitutes for Platinum.
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