Global platinum mine production 2023, by country

South Africa is by far the largest producer of platinum in the world, with production amounting to an estimated 120 metric tons in 2023. Russia came in a distant second place, having produced some 23 metric tons that same year. Meanwhile, platinum mine production in the United States has experienced a decline in recent years, plummeting to about 2.9 metric tons in 2023.

Platinum demand and production worldwide

Platinum is a soft, heavy, white colored precious metal. It is most commonly used in catalytic converters for automobiles as well as in jewelry. The worldwide demand for platinum in 2023 was estimated at 7.5 million ounces. With such a high demand, production of platinum is important in order to meet the demand. The estimated global platinum production in 2023 totaled some 180 metric tons.

Largest platinum mining companies

The world's largest platinum producing company is Anglo American Platinum, having produced 1.75 million ounces of platinum in 2023. Given that Russia is the second-largest platinum producing country, it is not surprising that Russian company Nornickel – also known as Norilsk Nickel – produced 593,000 ounces of platinum in 2022, also positioning itself amongst the leading platinum producing companies worldwide.