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5 Platinum Producing Countries

5 Platinum Producing Countries

Platinum is a highly popular precious metal that is known for its rarity and investment significance. It is highly resistant to corrosion and is an investor favorite. As it is a rare metal, almost 97 percent of the entire platinum produced in the world comes from only five countries.

If you want to learn about the top platinum-producing countries in the world, you are in the right place. This blog will list some of them to help you get started. Keep reading to learn more.

1. South Africa—110,000 Kg, 68.32 Percent of the Total Platinum Produced in the World

Being the largest producer of platinum, South Africa tops the list. Despite issues like mining protests, strikes, and safety issues, the country dominates its counterparts, producing twice as much platinum as any other country on the list.

2. Russia—25,000 Kg, 15.52 Percent of the Total Platinum Produced in the World

Russia comes second on this list. The precious metal was first discovered in Russia in 1823. Since then, it has emerged as one of the most important and notable platinum-producing countries in the world.

3. Zimbabwe—11,000 Kg, 6.83 Percent of the total Platinum Produced in the World

Next on the list is Zimbabwe, with three major platinum mines. While the first mine was founded in the early 1920s, production in the latest one began in 2010.

A platinum ring

4. Canada—7,200 Kg, 4.47 Percent of the Total Platinum Produced in the World

The fourth largest platinum-producing country in the world, platinum in Canada was first discovered in 1888 in the province of Ontario. The central and western parts of Ontario are the main platinum-producing regions in the country.

5. USA—3,650 Kg, 2.26 Percent of the Total Platinum Produced in the World

The fifth and final platinum-producing country is the USA. Although there is only one mining company in the country, there are two mines where platinum is extracted.

Orion Metal Exchange—The Leading Metal Investment Company

Now that you know about some platinum-producing countries, it is time you find a precious metal companies like Orion Metal Exchange. We are a credible and reliable platform for all your gold and silver ira investment needs.

Get in touch with us to learn more about our offerings.

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