Top Platinum Mining Companies

Platinum Mining Market size was valued at USD 6.09 Billion in 2023 and is poised to grow from USD 6.39 Billion in 2024 to USD 9.45 Billion by 2032, growing at a CAGR of 5% during the forecast period (2025-2032).

Global platinum mining market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global market. 'Anglo American Platinum Limited', 'Impala Platinum Holdings Limited', 'Lonmin Plc', 'Northam Platinum Limited', 'Sibanye-Stillwater Limited', 'Royal Bafokeng Platinum Limited', 'Glencore Xstrata Plc', 'Norilsk Nickel Mining and Metallurgical Co.', 'Jubilee Metals Group plc', 'Zimplats Holdings Limited', 'Aquarius Platinum Limited', 'Eastern Platinum Limited', 'Ivanhoe Mines Ltd.', 'Royal Nickel Corporation', 'Platinum Group Metals Ltd.', 'African Rainbow Minerals Limited', 'Tharisa plc', 'Wesizwe Platinum Limited', 'Impala Canada Ltd.', 'Impala Refining Services Limited'

Platinum is used as a catalyst in automobile exhaust systems. These operations help remove or neutralize hazardous chemicals from automotive exhaust. About 40% of the world's total platinum consumption is used in these processes. The automotive industry is the world's largest consumer of platinum metals, which are used in catalytic converters for vehicle exhaust systems. This is a major factor driving global platinum mining market worldwide.

Platinum has unique catalytic qualities making it a popular metal for industrial uses, with the automotive industry alone contributing to one-third of global demand. Mining Technology tracks global platinum prices as well as country-specific platinum production and consumption trends. 

On the basis of region, global platinum mining market is divided into North America, Europe, Asia Pacific and MEA. Asia Pacific dominated the global market, due to the presence of vehicle manufacturing countries such as India, China, and Japan. Also, the implementation of new regulatory standards like BS-VI in the Indian automotive sector is may put pressure on manufacturers to reduce pollutant emissions and improve fuel efficiency. A significant investment commodity demand for the product is another important factor driving the growth of the platinum mining market in this region.