South Africa’s share of world platinum, unwrought exports, 2002–2024: 39% → 37%
The chain — from the ground to the buyer
A critical material passes through distinct stages, and the country that leads each stage is often different — that gap is what this atlas exists to show. Each layer comes from a different public source with its own vintage, labelled below; shares are % of the world total.
● Reserves — where it could come from
Reserves are the deposits known to exist and economically worth mining — the long-run ceiling on supply, distinct from what is actually produced today. Platinum's reserves are highly concentrated: 🇿🇦 South Africa holds the most (89%), ahead of 🇷🇺 Russia (8%) and 🇿🇼 Zimbabwe (2%). At today's extraction rate the known reserves would last roughly 158 years, so scarcity is not the binding constraint — access, capital and processing capacity are. USGS 2024 · reserves as of 2023
🇿🇦 South Africa89%
🇷🇺 Russia8%
🇿🇼 Zimbabwe2%
🌍 Others (not detailed)1%
● Mined — where it is dug up today
Mining is where ore leaves the ground — the stage most people equate with “the source”, though it is rarely where the supply risk actually concentrates. Output is concentrated: 🇿🇦 South Africa supplies 67%, with 🇷🇺 Russia (13%) next. That is effectively a single-country dependence — one government's policy or one region's disruption can move the entire upstream. BGS World Mineral Statistics · mine production, 2000–2024 (USGS-validated)
year2023
🇿🇦 South Africa47%
🇷🇺 Russia46%
🇨🇦 Canada4%
🇺🇸 United States3%
🇿🇦 South Africa58%
🇷🇺 Russia32%
🇨🇦 Canada4%
🇺🇸 United States3%
🇿🇼 Zimbabwe2%
🌍 Others (not detailed)1%
🇿🇦 South Africa60%
🇷🇺 Russia30%
🇿🇼 Zimbabwe4%
🇺🇸 United States3%
🇨🇦 Canada2%
🌍 Others (not detailed)1%
🇿🇦 South Africa60%
🇷🇺 Russia22%
🇨🇦 Canada7%
🇿🇼 Zimbabwe6%
🇺🇸 United States4%
🌍 Others (not detailed)1%
🇿🇦 South Africa55%
🇷🇺 Russia27%
🇿🇼 Zimbabwe8%
🇺🇸 United States5%
🇨🇦 Canada4%
🌍 Others (not detailed)1%
🇿🇦 South Africa61%
🇷🇺 Russia22%
🇿🇼 Zimbabwe6%
🇨🇦 Canada4%
🇺🇸 United States4%
🌍 Others (not detailed)3%
🇿🇦 South Africa57%
🇷🇺 Russia25%
🇿🇼 Zimbabwe8%
🇨🇦 Canada5%
🇺🇸 United States3%
🇨🇳 China2%
🇿🇦 South Africa57%
🇷🇺 Russia24%
🇿🇼 Zimbabwe9%
🇨🇦 Canada5%
🇺🇸 United States3%
🇨🇳 China2%
🇿🇦 South Africa57%
🇷🇺 Russia24%
🇿🇼 Zimbabwe9%
🇨🇦 Canada5%
🇺🇸 United States3%
🇨🇳 China2%
● Refined / processed — where it becomes usable metal
Refining / processing converts ore into the metal or compound buyers actually purchase; it concentrates in fewer hands than mining and sits at the buyer's doorstep, which is why it is usually the true chokepoint. 🇿🇦 South Africa processes 70% — concentrated. South Africa leads both mining and refining, so its grip is structural rather than a pure processing gate. On the buffers: 14% of supply is recovered from end-of-life recycling and substitutes are scarce. leading refiner only — fuller breakdown not publicly reported
🇿🇦 South Africa70%
🌍 Rest — not separately reported30%
● Recycling & substitutability — the mitigants (EU CRM)
14% of supply comes from recycling end-of-life products. Substitutability is high — few or no alternatives, so a disruption bites hard.
● Traded — who ships it
Actual bilateral trade of the traded form, reconciled from UN Comtrade / CEPII BACI. Pick a year below — 2018–2024 measured, 2025* nowcast, 2026** directional scenario. The full 2002–2026 range is on the interactive atlas.
year2024
Top exporters — reconciled trade, 2018
Country
share
value
tonnes
$/t
🇿🇦 South Africa
43%
$3.9B
—
—
🇬🇧 United Kingdom
12%
$1.1B
—
—
🇩🇪 Germany
10%
$877M
—
—
🇷🇺 Russia
7%
$605M
—
—
🇮🇹 Italy
6%
$593M
—
—
🇺🇸 United States
5%
$497M
—
—
Top importers — reconciled trade, 2018
Country
share
value
tonnes
$/t
🇩🇪 Germany
14%
$1.3B
—
—
🇯🇵 Japan
13%
$1.2B
—
—
🇺🇸 United States
13%
$1.2B
—
—
🇨🇳 China
13%
$1.2B
—
—
🇬🇧 United Kingdom
13%
$1.2B
—
—
🇲🇰 Macedonia [FYROM]
8%
$742M
—
—
Top exporters — reconciled trade, 2019
Country
share
value
tonnes
$/t
🇿🇦 South Africa
21%
$1.4B
—
—
🇬🇧 United Kingdom
15%
$992M
—
—
🇩🇪 Germany
11%
$720M
—
—
🇧🇪 Belgium
10%
$677M
—
—
🇷🇺 Russia
10%
$644M
—
—
🇮🇹 Italy
8%
$516M
—
—
Top importers — reconciled trade, 2019
Country
share
value
tonnes
$/t
🇩🇪 Germany
16%
$1.0B
—
—
🇬🇧 United Kingdom
15%
$960M
—
—
🇺🇸 United States
13%
$829M
—
—
🇲🇰 Macedonia [FYROM]
11%
$694M
—
—
🇨🇳 China
8%
$531M
—
—
🇨🇭 Switzerland
7%
$472M
—
—
Top exporters — reconciled trade, 2020
Country
share
value
tonnes
$/t
🇿🇦 South Africa
24%
$2.0B
—
—
🇬🇧 United Kingdom
15%
$1.2B
—
—
🇷🇺 Russia
12%
$979M
—
—
🇺🇸 United States
9%
$729M
—
—
🇩🇪 Germany
8%
$680M
—
—
🇧🇪 Belgium
8%
$661M
—
—
Top importers — reconciled trade, 2020
Country
share
value
tonnes
$/t
🇬🇧 United Kingdom
16%
$1.3B
—
—
🇨🇭 Switzerland
14%
$1.1B
—
—
🇺🇸 United States
12%
$1.0B
—
—
🇩🇪 Germany
12%
$956M
—
—
🇯🇵 Japan
11%
$918M
—
—
🇨🇳 China
8%
$661M
—
—
Top exporters — reconciled trade, 2021
Country
share
value
tonnes
$/t
🇿🇦 South Africa
28%
$2.9B
—
—
🇬🇧 United Kingdom
17%
$1.7B
—
—
🇷🇺 Russia
11%
$1.1B
—
—
🇮🇹 Italy
9%
$896M
—
—
🇧🇪 Belgium
9%
$891M
—
—
🇺🇸 United States
6%
$665M
—
—
Top importers — reconciled trade, 2021
Country
share
value
tonnes
$/t
🇺🇸 United States
15%
$1.6B
—
—
🇬🇧 United Kingdom
12%
$1.3B
—
—
🇩🇪 Germany
11%
$1.2B
—
—
🇭🇰 Hong Kong
11%
$1.2B
—
—
🇯🇵 Japan
11%
$1.2B
—
—
🇨🇭 Switzerland
10%
$993M
—
—
Top exporters — reconciled trade, 2022
Country
share
value
tonnes
$/t
🇿🇦 South Africa
40%
$4.4B
—
—
🇬🇧 United Kingdom
11%
$1.2B
—
—
🇮🇹 Italy
8%
$917M
—
—
🇧🇪 Belgium
7%
$732M
—
—
🇺🇸 United States
7%
$722M
—
—
🇩🇪 Germany
5%
$575M
—
—
Top importers — reconciled trade, 2022
Country
share
value
tonnes
$/t
🇨🇳 China
16%
$1.8B
—
—
🇺🇸 United States
14%
$1.5B
—
—
🇯🇵 Japan
13%
$1.5B
—
—
🇩🇪 Germany
11%
$1.2B
—
—
🇬🇧 United Kingdom
9%
$965M
—
—
🇨🇭 Switzerland
8%
$923M
—
—
Top exporters — reconciled trade, 2023
Country
share
value
tonnes
$/t
🇿🇦 South Africa
35%
$4.2B
—
—
🇷🇺 Russia
12%
$1.4B
—
—
🇬🇧 United Kingdom
10%
$1.2B
—
—
🇮🇹 Italy
8%
$986M
—
—
🇧🇪 Belgium
7%
$782M
—
—
🇩🇪 Germany
6%
$686M
—
—
Top importers — reconciled trade, 2023
Country
share
value
tonnes
$/t
🇨🇳 China
23%
$2.8B
—
—
🇺🇸 United States
11%
$1.4B
—
—
🇭🇰 Hong Kong
11%
$1.3B
—
—
🇬🇧 United Kingdom
10%
$1.2B
—
—
🇯🇵 Japan
9%
$1.1B
—
—
🇩🇪 Germany
9%
$1.0B
—
—
Top exporters — reconciled trade, 2024
Country
share
value
tonnes
$/t
🇿🇦 South Africa
37%
$5.3B
168 t
$31.6M/t
🇬🇧 United Kingdom
9%
$1.3B
37 t
$32.5M/t
🇦🇪 United Arab Emirates
7%
$1.1B
176 t
$6.0M/t
🇮🇹 Italy
6%
$855M
25 t
$32.0M/t
🇭🇰 Hong Kong
6%
$803M
20 t
$39.2M/t
🇯🇵 Japan
5%
$668M
19 t
$34.1M/t
Top importers — reconciled trade, 2024
Country
share
value
tonnes
$/t
🇨🇳 China
23%
$3.3B
82 t
$40.7M/t
🇮🇳 India
11%
$1.6B
183 t
$8.9M/t
🇯🇵 Japan
10%
$1.4B
39 t
$33.8M/t
🇺🇸 United States
10%
$1.4B
52 t
$26.8M/t
🇭🇰 Hong Kong
9%
$1.3B
46 t
$27.4M/t
🇬🇧 United Kingdom
8%
$1.1B
40 t
$27.7M/t
Top exporters — reconciled trade, 2025
Country
share
value
tonnes
$/t
🇿🇦 South Africa
30%
$5.9B
—
—
🇬🇧 United Kingdom
15%
$2.9B
—
—
🇨🇳 China
12%
$2.3B
—
—
🇩🇪 Germany
7%
$1.5B
—
—
🇭🇰 Hong Kong
7%
$1.3B
—
—
🇨🇭 Switzerland
5%
$1.0B
—
—
Top importers — reconciled trade, 2025
Country
share
value
tonnes
$/t
🇨🇭 Switzerland
20%
$4.0B
—
—
🇬🇧 United Kingdom
14%
$2.8B
—
—
🇩🇪 Germany
14%
$2.7B
—
—
🇺🇸 United States
10%
$2.1B
—
—
🇨🇳 China
8%
$1.6B
—
—
🇲🇰 Macedonia [FYROM]
8%
$1.6B
—
—
Top exporters — reconciled trade, 2026
Country
share
value
tonnes
$/t
🇿🇦 South Africa
30%
$14.0B
—
—
🇬🇧 United Kingdom
15%
$7.0B
—
—
🇨🇳 China
12%
$5.5B
—
—
🇩🇪 Germany
7%
$3.5B
—
—
🇭🇰 Hong Kong
7%
$3.2B
—
—
🇨🇭 Switzerland
5%
$2.5B
—
—
Top importers — reconciled trade, 2026
Country
share
value
tonnes
$/t
🇨🇭 Switzerland
20%
$9.5B
—
—
🇬🇧 United Kingdom
14%
$6.8B
—
—
🇩🇪 Germany
14%
$6.4B
—
—
🇺🇸 United States
10%
$4.9B
—
—
🇨🇳 China
8%
$3.8B
—
—
🇲🇰 Macedonia [FYROM]
8%
$3.8B
—
—
Context
Platinum-group metals - autocatalysts and the hydrogen economy. A concentrated non-China dependency: South Africa ~57%, with the UK and US behind. The naive view points at Germany (~43%); the origin is South Africa.