China
China is the sixth largest platinum producer in the world, producing 2,500 kilograms in 2022. China experienced an increase in overall gross platinum demand, rising from 2.2 million ounces in 2020 to approximately 2.4 million ounces in 2021. Since 2013, there have been annual fluctuations in China’s total demand for platinum.
- One contributing factor to the increased demand may be the addition of more platinum to the catalytic converters of large trucks, driven by stricter emission requirements. Approximately 40% of platinum is utilized in car exhaust systems to mitigate harmful emissions.
- Besides industrial applications, platinum continues to be commonly used in jewelry in China.
- In 2022, China was the world’s largest consumer of platinum, consuming around 75.1 metric tons. It accounts for 34% of the global consumption.
Top 10 Largest Platinum Producing Countries in the World
South Africa is the largest producer of platinum, producing more than twice as much as the rest of the world combined. In 2022, the global platinum mine production reached 188.5 metric tons, with the top five nations contributing to 97.8% of the world’s total.
In this article, we will discuss the List of Top 10 Platinum Producing Countries in 2023, along with a detailed explanation of each country.