Ru

Ruthenium

Companies

Key Companies in the Ruthenium Value Chain

The Ruthenium industry encompasses at least 5 major companies from junior explorers and mine developers to integrated producers and downstream processors. With annual production of 35 tonnes and prices around 15,000-22,000 $/kg (380-600 $/oz), the Ruthenium market supports a diverse corporate ecosystem.

Annual Production

35

tonnes

Market Price

15,000-22,000

$/kg (380-600 $/oz)

Top Producer

South Africa

85% share

Companies Tracked

5

Major Producers and Processors

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

Anglo American Platinum

Producer AMS.JO
South Africa

Largest ruthenium producer from Bushveld Complex operations

Johnson Matthey

Refiner JMAT.L
UK

Major PGM refiner and ruthenium price setter

Heraeus

Refiner/Processor
Germany

Major PGM processor producing ruthenium products for electronics and chemical applications

Seagate Technology

Major consumer STX
United States

Major HDD manufacturer using ruthenium in perpendicular magnetic recording media layers

Western Digital

Major consumer WDC
United States

HDD manufacturer using ruthenium coatings for data storage density improvement

Corporate Strategy Trends

Major consumers of Ruthenium across the hard disk drive coatings and electrical contacts and resistors 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 85% concentration in South Africa.

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