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South Africa is by far the largest producer of platinum in the world, with production amounting to an estimated *** metric tons in 2025. Russia came in a distant second place, having produced some ** metric tons that same year. Meanwhile, platinum mine production in the United States has experienced a decline in recent years, plummeting to almost *** metric tons in 2025. 

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 2025 was forecast at *** million ounces. With such a high demand, production of platinum is important in order to meet the demand. The estimated global platinum production in 2025 totaled some *** metric tons. 

Largest platinum mining companies

The world's largest platinum producing company is Anglo American Platinum, having produced **** million ounces of platinum in 2024. Given that Russia is the second-largest platinum producing country, it is not surprising that Russian company Nornickel – also known as Norilsk Nickel – produced ** ounces of platinum in 2024, also positioning itself amongst the leading platinum producing companies worldwide.