Global Platinum Mining: Growing Demand from Asian Jewelry, Promising Projects in Africa Propel the Industry


Published on : Jan 18, 2019

Albany, New York, January 18, 2019: South Africa, which is world’s largest producer of platinum, accounting for more than 70% of the world’s mined platinum, is witnessing rise in production owing to weaker rand and strong performance from top supplier such as Anglo American Platinum Ltd. Besides, contribution from Impala Platinum’s Rustenburg and Sibanye-Stillwater’s Rustenburg has ramped up the production in South Africa. Meanwhile, impressive global vehicle sales and soaring demand from Asian jewelry will lead to increased production and propel the platinum mining industry. These excerpts in line with the report titled, “Global Platinum Mining to 2022,” which has been recently incorporated in the exhaustive repository of Market Research Hub (MRH).

Global platinum mining production growth is estimated to be underpinned by the start of operations at projects across Zimbabwe, South Africa, the U.S. and Canada. Projects which are expected to be operated in the next half-a-decade are Styldrift 1, Platreef and Garatau in South Africa along with Dumont project and Eagle’s Nest project in Canada.

There has been significant demand for platinum mining from China’s jewelry and automotive sector. Besides, India’s jewelry sector also offers lucrative opportunities for platinum mining industry. On one hand the global push for emission control will fuel demand for platinum group metals, however, on the other hand, it could reduce the demand. Whilst platinum group cell metals are used in hydrogen fuel cell cars, electric cars would not need autocatalysts.

Global Platinum Mining: Report Content

The report provides a quantitative and qualitative analysis on the platinum mining industry. Besides, the report focuses on the historical and forecast data on platinum mining industry on the basis of grade, country, and consumption and platinum reserves to 2022. The report also includes trade section which offers insights on major exporter and importers. The report includes dynamics in the form of demand drivers and trends influencing the platinum mining industry.

The last section of the report delves into the competitive landscape of the platinum mining industry with company overview, strategies, insights on planned, active mines and exploration projects. The report also delves into the development projects and consumption on the basis of country. Prominent companies thoroughly delineated in the report are Anglo American Platinum Ltd., Lonmin, Impala Platinum Holdings Ltd., MMC Norilsk Nickel, Sibanye Gold Ltd and Northam Platinum.

Global Platinum Mining: Research Methodology

The research methodology in this report includes secondary sources, primary sources and analysis from panel of expert. Secondary sources applied in the report include, but are not limited to government documents, annual reports, investors’ presentation, World Bank database, market reports, statistical database, relevant patent and regulatory database. Primary sources incorporates telephonic interviews, honest reviews and e-mail interactions across regions.  Expert panel relentlessly analyzes the report in order to offer readers with worth wile report. 

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